Charles Schwab clients poured in $17 billion last week as the spiraling bank crisis sent money to a 'safe port in a storm'

• Charles Schwab saw a $16.5 billion inflow of new assets last week amid the banking crisis.
• "Charles Schwab remains a safe port in a storm," the brokerage said in a statement.
• Last week, CEO Walter Bettinger said clients poured $4 billion into the firm on March 10 alone.

Charles Schwab saw a surge of client funds last week as the banking crisis spiraled from US regional lenders to European giants.

From March 10 to March 16, the brokerage saw a $16.5 billion increase in core net new assets, according to a statement on Friday.