Just curious after reading the article below.
Hope it is safe, otherwise, thinkorswim will change owner again.
Charles Schwab (SCHW) - Get Free Report shares edged lower in pre-market trading after the brokerage group, which had been caught in the downdraft of U.S. banking stocks, said it isn't seeking new capital.
CEO Walt Bettinger, who has lead Schwab since the 2008 financial crisis, told Reuters that while there is some mis-match between client assets in its banking division and 'held-to-maturity' assets on its balance sheets, "our clients are not reacting in the manner that the doomsday scenario would indicate.'
Schwab, which has higher unrealized losses in it bond portfolio of around $14.1 billion, also have ample liquidity access, including $100 billion cash on hand, as well as a deposit base that is 82% covered by FDIC insurance.
"Our available for-sale portfolio is short in duration and high in quality, and our held-to-maturity is slightly longer in duration but still short compared to many people, and very high-quality," Bettinger, who said he purchased around 50,000 Schwab shares for his own account on Tuesday, told Reuters.