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Articles tagged "Charles Schwab"


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Walt Bettinger and Chuck Schwab co-hosted the virtual annual meeting last year and tweeted out this photo.

Chuck Schwab reveals Part B, doubling-down on Walt Bettinger by making him co-chair, a day after Part A -- wagering $15 billion from the Schwab corporate treasury on the CEO's future leadership

The 84 year-old founder's elevation of his 61-year-old protege may foretell bigger fireworks from Rick Wurster who recently took over many of Bettinger's CEO duties, one executive recruiter says.

July 30, 2022 at 12:41 AM

Chuck Schwab: 'We see these actions as part of an overall evolution of the Schwab story.'

After paying $22 billion of shares to buy TD Ameritrade, Chuck Schwab is preparing to spend $15 billion in hard cash to buy his own 'Schwabitrade' stock-- spiking shares in after-hours trading

The all-stock 2020 transaction for the Omaha, Neb. rival left plenty of dry powder to do a massive share buyback -- and signal bullishness about the ongoing, unseen systems integration

July 28, 2022 at 4:21 AM

Goldman Sachs analyst added Schwab to its 'conviction list' -- more evidence Chuck's business model rocks. .

A Goldman Sachs analyst declares Charles Schwab & Co. stock a 'conviction' buy, after another year of Goldman inching its wealth model toward Schwab's

The New York City investment bank's researcher said Wall Street is failing to grasp just how valuable the discount broker's franchise will be as interest rates begin to normalize.

April 7, 2021 at 10:20 PM

Schwab moved to Westlake for glassy, commodious digs but it'll hold off on embracing the Covid-19 all-clear from Texas.

Schwab and Fidelity join other Fortune 500-size companies, sticking with CDC guidelines and declining the Texas roll-back of COVID-19 restrictions

The two retail finance giants keep restrictions on thousands of staff in Texas even as governor nixes mask mandate and opens businesses 100% in the name of business interests.

March 6, 2021 at 5:03 AM

Schwab: 'It is a sad byproduct of the current political climate that some now resort to using questionable tactics and misleading claims to attack companies like ours.'

Charles Schwab Corp. zigs, then zags to get out from under Trump riot scandal, shuttering PAC for good after suspending contributions; money headed for charities

The Westlake, Texas company is dismantling and liquidating its PAC after 'questionable tactics and misleading claims' forced its hand, it claimed.

January 14, 2021 at 3:41 AM

Joe Martinetto: Our combined branch footprint ... will be larger ... and 90% of our clients will have a branch within 25 miles, up from 80%.

Charles Schwab shutters 79% of TD Ameritrade branches -- though 140 will cohabitate with a next-door Schwab branch -- and refers legacy TDA assets to legacy TD RIA custody clients

The San Francisco retail brokerage will keep 400 branch addresses and no legacy Schwab assets will get referred to a 'TDA' RIA for now.

November 11, 2020 at 12:27 AM

Walt Bettinger (left): 'Being a challenger defines who Schwab is as a company.'

The Schwab-TD Ameritrade merger creates one big identity crisis; Is it still a self-proclaimed 'challenger,' per Walt, or 'unbelievable fortress,' per Chuck?

CEO Walt Bettinger calls his company a 'challenger' six times in quick succession; but Chairman Chuck Schwab insists his firm now has no equal

October 8, 2020 at 3:40 AM

Abby Johnson:  '[We] are now joining with several financial institutions to accelerate the availability of a secure, transparent and more reliable network.'

Tired of having their screens scraped, Schwab and Fidelity launch API initiatives to curtail the practice -- rewarding some, but not all scrapers with cleaner data

Opening up their APIs gives both powerhouses the ability to share data while also making it more secure -- it also puts them back in the driver's seat in choosing who gets it.

May 29, 2020 at 4:45 AM

Scott Ignall: Fidelity’s size, private structure, and leading positions across various marketplaces  are unmatched. in our industry and put us in a unique position to deliver greater value.

Fidelity beats Schwab to market with free fractional share trading, after Schwab beat Fido by months with promises, but has yet to deliver

The Boston-based giant is reporting the capability simultaneous with its launch -- albeit not for RIAs, for now

February 1, 2020 at 8:27 AM

Andy Rachleff: 'We realized [a high-yield checking account] is a better entry point than an investment account.

After Andy Rachleff explains Wealthfront's corrective to banking, Jon Stein told how Betterment is investing heavily in banking but mindful of 'frothiness'

The Redwood City, Calif.-based robo-advisor co-founder explained the banking pain points at InVest West and the New York-based robo co-founder told of a $1B banking week but exulted more about RIA custody

December 6, 2019 at 11:48 PM

Charles 'Chuck' Schwab's acquisition of TD Ameritrade has yet to be approved by regulators, leaving both firms sitting on a potential $950 million landmine.

Breaking up is hard to do: Schwab and TD Ameritrade both on hook for $1 billion should either firm get cold feet, shareholders revolt, or antitrust regulators quash deal

The Omaha, Neb.-based Schwab target, TD, has its neck most exposed, sources say, and anti-trust concerns are real but Schwab Chairman Chuck Schwab may have improved his odds in Washington with donations to the party in power

December 5, 2019 at 9:37 PM

Charles 'Chuck' Schwab is cleaning his Schwab house but mudballs roll downhill and small RIAs say they are already paying a service-level price.

Schwab sends most RIAs to 1-800 custody service -- a downgrade the mass of incoming TD Ameritrade RIAs will have to swallow

The Charles Schwab Corp. is taking relationship managers from RIAs with less than $200 million in AUM, a threshold that thousands of TD RIAs will cross next year along with other presumed merger integration glitches

December 3, 2019 at 4:09 AM

Walter Bettinger: 'There may be some re-papering required and some where it’s not required.'

Walt Bettinger sugarcoats nothing to TD Ameritrade RIAs about re-papering or technology and he calls 'modest' the importance of RIA revenues to Schwab

The Schwab CEO stressed his soon-to-be Fort Worth, Texas-based firm's emerging alpha status: 'We're on offense. We press those advantages'

November 26, 2019 at 2:09 AM

'Chuck' Schwab recently called takeout of a discount brokerage rival a 'logical conclusion' and promised to strike at the 'right' price.

Reported Schwab-TD merger is a 'blockbuster' combo that creates a 10,000-RIA, $2-trillion custody juggernaut and may signal long-expected industry shakeout

The San Francisco and Omaha companies were the fiercest of rivals, so everybody presumed E*Trade would be the next domino to fall.

November 22, 2019 at 1:49 AM

Charles 'Chuck' Schwab: I grew to hate the whole idea of limits.

Charles Schwab, a true American oligarch, shows no signs of slowing at 82, throwing his substantial fortune behind Donald Trump, hard-right politics and his continuing financial services revolution

The billionaire is dumping San Francisco's liberal warrens for full-time residence in the exclusive enclave of Atherton, Calif., where he'll rub shoulders with other billionaires.

November 5, 2019 at 3:35 PM

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