REUTERS/Elijah Nouvelage
- CEO Walter Bettinger said inflows grew significantly the day Silicon Valley Bank began to collapse.
- He also told CNBC that he bought 50,000 shares of Charles Schwab on Tuesday for his personal account.
- He said Charles Schwab is managed conservatively and has a different business model than regional banks.
As panic over Silicon Valley Bank's collapse was peaking in financial markets on Friday, Charles Schwab clients poured $4 billion into the firm that day, said CEO Walter Bettinger.
That's double the daily inflows of about $2 billion that Schwab has been averaging so far this month, he told CNBC on Tuesday. And for all of February, clients added a net $42 billion in new assets.