Charles Schwab & Corp. Foresees More Staff Reductions
- Schwab Slimming Offices in Profitability Bid. Ring, Niamh // American Banker;11/15/2004, Vol. 169 Issue 219, p9
Reports on the decision of Charles Schwab Corp. to close 19 full-service branches and to open 54 "satellite" offices with fewer employees. Difficulties faced by Schwab in retaining customers while cutting costs; Efforts of Schwab to regain customers who have left the company in search of lower...
- Schwab to Cut Up to 600 More Jobs in 1Q. Ackermann, Matt // American Banker;2/2/2009, Vol. 174 Issue 21, p5
The article reports the financial services company Charles Schwab Corp. announced it would lay off between 500-600 employees in the first quarter of 2008. Walter Bettinger, Chief Executive Officer of the stock brokerage, said the firm would take $100 million in charges against earnings in the...
- When Bad Things Happen To Good Companies. Morris, Betsy; Neering, Patricia // Fortune;12/8/2003, Vol. 148 Issue 12, p78
Discusses the difficulties experienced over the past three years at Charles Schwab Corp. brokerage firm. Unorthodox beginnings and strong ethical foundation which treated employees like family; Ways the company avoided layoffs for as long as possible; New ways for Schwab to grow, which include...
- Limits on Schwab Take Pressure Off Fund -- for Now . Davenport, Todd // American Banker;2/12/2003, Vol. 168 Issue 29, p4
Reports that the U.S. Office of the Comptroller of the Currency has approved a national bank charter for San Francisco, California-based brokerage company Charles Schwab Corp. Possible rekindling of a debate on deposit insurance reform by the brokerage company; Effects of the charter on the...
- Schwab opens DC lobby office, initial focus on technology issues. Horowitz, Jed // Investment Dealers' Digest;07/28/97, Vol. 63 Issue 30, p8
Reports on the opening of Charles Schwab & Co. of a lobby office in Washington D.C. Technology focus of the lobby; Staff involved in lobbying; Employment of Frank Kelly by Charles. Schwab & Co..
- Schwab co-chiefs sell shares valued at $80 million. // American Banker;9/2/1999, Vol. 164 Issue 169, p24
Focuses on the sale of 2 million shares of Charles Schwab Corp. company stock. Value of the stock at $80 million; What the sale represents for Charles Schwab.
- Fees Help Drive Schwab Profit. // American Banker;7/19/2010, Vol. 175 Issue 109, p12
The article reports that the independent brokerage firm Charles Schwab Corporation has reported a second-quarter profit that exceeded the average analyst estimate as revenue from earned interest offset a decrease in trading.
- Charles Schwab's funds join industry leaders. // Indianapolis Business Journal;09/20/99, Vol. 20 Issue 27, p24
Reports that Charles Schwab Corp., a discount and online broker, has reached the $100 billion mark in assets under management. Doubling of the assets managed by the company's mutual fund unit within a period of two years; Percentage of the assets under management which are in money-market funds...
- Schwab readies big price cut for options trading. Wipperfurth, Heike // Investment Dealers' Digest;07/12/99, Vol. 65 Issue 28, p12
Reports plans of Charles Schwab Corp. to implement a major price cut in options trading in the United States. Goal to lower charges for option trade customers; Strategies for managing large option trade orders; Efforts to promote Charles Schwab Corp. support staffers.