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

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charles schwab bank

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Charles Schwab CEO says clients poured in $4 billion at the height of the SVB panic

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Walt Bettinger, the chief executive of Charles Schwab.
Walter Bettinger.

REUTERS/Elijah Nouvelage

Billionaire Charles Schwab's wealth plunged nearly $3 billion after his brokerage's shares were hammered amid the banking crisis

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Charles Schwab, the founder and chairman of Charles Schwab.
Billionaire Charles Schwab lost nearly $3 billion after shares of the brokerage he founded were hammered amid the banking crisis.

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It's crystal clear now: More banks are going to fail

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nyse svb first republic trading floor

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Charles Schwab plunges 19% as investors worry about banks sitting on big bond losses following Silicon Valley Bank collapse

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NYSE trader

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SVB's downfall shows the Fed broke something in the economy, and other things could break with more rate hikes, Charles Schwab's chief investment strategist says

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A man stands outside Silicon Valley Bank
Silicon Valley Bank employees react to the bank's collapse.

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The US housing market is in recession - and the pandemic has created a unique economic headache, elite strategist Liz Ann Sonders says

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Liz Ann sonders
Liz Ann Sonders.

Screenshot via Bloomberg TV

Bank Overdraft Fees: How Much is an Overdraft Fee?

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