The Problem with Pausing, Charles Schwab CEO, and Bet on Housing? 3/14/23
The Exchange
00:00
Do You See an Acceleration in Deposit Outflows?
In February, our clients brought in almost $42 billion in net new assets to us. March to date, they've averaged about $2 billion a day. Last Friday, when we were at the heart of the peak, maybe, of some of these challenges before the actions taken by the Federal Reserve around liquidity. Our clients actually brought about $4 billion into the firm that day alone.
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