Global Banking Monitor

Sunday, September 8, 2024

Stripe employees get to sell $1bn of shares

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Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...
HomeBankingCharles Schwab Successfully Navigated...

Charles Schwab Successfully Navigated the Deposit Crisis. What’s Next?

By Pete Sadler
Photo by Nick Fewings on Unsplash

Charles Schwab is best known as the largest publicly traded U.S. brokerage firm, but it also runs a large bank that isn’t quite too big to fail. Billions of dollars in deposits are still leaving its balance sheet, Schwab said Tuesday, to the tune of a 7% decline from the first quarter and a 31% drop from a year earlier. Schwab jumped 13% on Tuesday and this week has narrowed its year-to-date decline to 21%.

Read More : Charles Schwab Successfully Navigated the Deposit Crisis. What’s Next?

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Stripe employees get to sell $1bn of shares

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