Articles tagged "Jon Holtaway"
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Schwab's chief financial officer explains to Goldman Sachs analyst that 'headline risk' makes unviable the tempting path to pay down $65 billion of burdensome loans -- and ring up 'instant earnings,' a second analyst says
Michael Verdeschi says wryly Schwab's balance sheet is a 'popular topic,' but company will stay the course despite the costs of carrying expensive liquidity loans.
October 17, 2024 at 2:27 AM
Charles Schwab Corp. gets over 'hump' after furious bond rally takes bite out Schwab Bank's $19.6 billion in unrealized losses, though debt overhang could still take a decade to erase
The Westlake, Texas, brokerage's stock plunged 33% last Spring, but has clawed back as unrealized losses fall $4 billion on possibility of Fed rate cut in 2024.
December 28, 2023 at 2:01 AM
Schwab assures it has financial muscle to shrug off billions of dollars in unrealized bank losses, but interest rate blunder exposes vulnerability if Fed hikes continue, analysts say
An estimated 16,000 RIAs with $3.3 trillion assets custodied at Schwab Advisor Services should be insulated from any calamity at bank subsidary.
