Has Charles Schwab Solved Its Deposit Outflow Problems?
SCHWCharles Schwab(SCHW) The Motley Fool·2024-04-27 20:57

Charles Schwab's bank account deposits declined substantially during the Federal Reserve's aggressive interest-rate-hiking campaign. Here's the latest update on their current situation.One year ago, deposit outflows became a real problem for banks, and a few failed because of it. One financial company that struggled with falling deposits is Charles Schwab (SCHW 0.13%). That's because rising interest rates have made it more attractive for investors to move their money into higher-yielding alternatives. Inves ...