Charles Schwab profit drops as costly deposits squeeze interest revenue
(Reuters) – Charles Schwab’s fourth-quarter profit fell 47% as bigger interest payments on its client deposits and debt dented gains from a jump in asset …
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Charles Schwab lays off 5% to 6% of total headcount
(Reuters) – Charles Schwab has laid off 5% to 6% of its total headcount in a bid to cut rising costs, a company spokesperson said …
Schwab slashes fees on more fixed income ETFs
By Suzanne McGee (Reuters) – Schwab Asset Management on Monday said it cut fees on the Schwab High-Yield Bond ETF (SCYB) and the Schwab U.S. …
Charles Schwab shares fall after announcing cost-cutting plan
By Chibuike Oguh NEW YORK (Reuters) – Shares of Charles Schwab fell by nearly 5% to a one-month low on Tuesday after the U.S. brokerage …
Charles Schwab to raise $2.5 billion in long-term debt – WSJ
(Reuters) – Charles Schwab Corp is looking to raise $2.5 billion in long-term debt, the Wall Street Journal reported on Wednesday, citing people familiar with …
Itau denies talks to sell stake in XP to Charles Schwab
(Reuters) – Brazilian lender Itau Unibanco Holding SA on Thursday denied it was in talks with Charles Schwab Corp to sell a stake in broker …