Even the top executives at Charles Schwab will admit 2023 has been a trying year.
The largest publicly traded U.S. brokerage just laid off roughly 2,000 employees. An integration of customers from Schwab’s acquisition of TD Ameritrade has been less than smooth for many clients. Widespread concerns about bank-deposit flight sent Schwab shares tumbling this spring—and the stock has yet to recover.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8