Walt Bettinger, the chief executive of Charles Schwab.
Walt Bettinger, the chief executive of Charles Schwab.
  • Charles Schwab has enough liquidity in case all bank deposits "ran off," CEO Walt Bettinger said.
  • And the company wouldn't have to sell a single security, he told the Wall Street Journal.
  • "We felt we had already prepared for this type of thing," Bettinger said.

Charles Schwab could continue operating even if it were to lose all of its deposits, CEO Walt Bettinger told the Wall Street Journal.