Charles Schwab Corp – News Stories About Charles Schwab Corp - Page 1

Cops: Woman Tried to Keep $1.2M Bank Overpayment

Bank Error Put $1.2M in Her
Account, Ends in Her Arrest

Apr 13, 2021 1:45 PM CDT

Bank Error Put $1.2M in Her Account, Ends in Her Arrest

Louisiana woman Kelyn Spadoni was fired, too

(Newser) - A Louisiana woman was fired and arrested after allegedly treating a $1.2 million bank error like it was a lottery win. Police say 33-year-old Kelyn Spadoni refused to return $1,205,619.56 after Charles Schwab bank accidentally transferred it to her brokerage account, the New Orleans Times-Picayune reports....

With App Showing a Huge Loss, 20-Year-Old Takes His Own Life

College Student Kills Himself
After Seeing Huge Stock Loss

Jun 18, 2020 4:35 PM CDT

College Student Kills Himself After Seeing Huge Stock Loss

20-year-old using Robinhood app may have misunderstood his balance

(Newser) - Alex Kearns was enjoying investing, family members say—spending time on Robinhood, a free trading app, and experimenting with the stock market. The 20-year-old had just started during the pandemic, Forbes reports, while he was home with his parents from college. But late Thursday night, he apparently was shocked to...

A Shift in Investing Strategy Leads to Behemoth Merger

Huge Deal in the Works
in World of Online Brokers

Nov 25, 2019 7:03 AM CST

Huge Deal in the Works in World of Online Brokers

Charles Schwab will buy smaller rival TD Ameritrade

(Newser) - The word "behemoth" is being thrown around a lot Monday to describe a merger in the world of online brokers: Charles Schwab plans to buy TD Ameritrade in a stock deal worth $26 billion, reports Reuters . Just how big would this be? Schwab is already the dominant player in...

Day Traders Jump Back
Into the Game

Sep 16, 2009 8:07 AM CDT

Day Traders Jump Back Into the Game

Low interest rates entice small, leveraged players

(Newser) - Trading volume is rising on Wall Street, but it’s not because of renewed confidence from long-term investors. The surge has instead been powered by a 14% jump from online brokerages like Charles Schwab and TD Ameritrade, and much of the money has been funneled into volatile parts of the...

NY AG Slaps Schwab With Suit Over Defrauding Clients

Jul 20, 2009 5:44 AM CDT

NY AG Slaps Schwab With Suit Over Defrauding Clients

(Newser) - The New York attorney general has told Charles Schwab he will sue the brokerage for civil fraud over its marketing of securities to clients, reports the Wall Street Journal. Andrew Cuomo alleges that Schwab's brokers had little understanding of the financial instruments and then failed to inform clients that the...

Shakeup May Signal E*Trade's Availability

Mar 3, 2008 10:48 AM CST

Shakeup May Signal E*Trade's Availability

New chairman could steer struggling brokerage toward buyer

(Newser) - E*Trade Financial, stung by mortgage- and mortgage-backed securities market losses, is adding CEO to chairman Donald Layton's duties. The company may be dolling itself up for a possible sale by polishing its tarnished image, the Wall Street Journal reports. Since Layton, 57, became chairman in November, the brokerage has rebounded...