Rising concerns over pending regulatory changes and customers moving cash to higher-yielding accounts in the wake of several regional bank collapses have erased more than $60 billion in market value from Schwab’s January highs.
“Schwab, as a broker that owns a bank, could theoretically de-bank, and return to operating the way it did historically, which was a focus on sweeping cash into money market funds and earning an elevated management fee rather than an even larger spread,” he wrote. While Schwab could operate without a bank, such a change would be costly and is an outcome the firm’s management would be unlikely to support, Worthington said in his note.
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب: