The Problem with Pausing, Charles Schwab CEO, and Bet on Housing? 3/14/23
The Exchange
00:00
Schwab
The bank is very conservatively managed. We have about 10% of client deposits outstanding in loans that are over collateralized almost exclusively to our clients. Within that, effectively you're operating with virtually no credit risk. Arguably, we have a level of liquidity over a 12 month period equal to our entire bank sweep deposits, around $280 billion.
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