Posted in WP-8

Charles Schwab Plummets After Vowing to Shrink Itself Over Time

(Bloomberg) — Charles Schwab Corp. shares suffered their biggest intraday drop since the depths of last year’s regional-bank crisis after the investing giant warned it will have to shrink itself in order to protect profits. Most Read from Bloomberg Going forward, Schwab is planning to rely more on off-balance sheet arrangements to house customers’ deposits, …

Read More

Continue Reading... Charles Schwab Plummets After Vowing to Shrink Itself Over Time