Citadel to give E*Trade $2.55 billion cash infusion

Citadel Investment Group in Chicago, which bought failed subprime lender ResMae Mortgage Corp. in Brea earlier this year, now will provide E*Trade Financial Corp. with $2.55 billion in cash as the brokerage faces mortgage woes, reports Reuters. Here's more... The agreement includes immediate funding of about $2.4 billion and rids the company of its $3 billion [...]