Even the highest executives at Charles Schwab will admit 2023 has been a attempting yr.
The most important publicly traded U.S. brokerage simply laid off roughly 2,000 workers. An integration of consumers from Schwab’s acquisition of TD Ameritrade has been lower than clean for a lot of shoppers. Widespread considerations about bank-deposit flight despatched Schwab shares tumbling this spring—and the inventory has but to recuperate.
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