Charles Schwab ( WKN: 874171 )
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With higher rates easily available elsewhere, the company is facing dwindling deposits.
https://www.bloomberg.com/news/articles/...ouble-follows-svb-collapse
https://www.zerohedge.com/news/2023-05-09/...safety-my-schwab-account
The Federal Home Loan Bank system extended more than $1 trillion in advances to members, the highest amount on record. Schwab, Truist and First Republic heaviest users of Federal facility in Q1
https://www.risk.net/risk-quantum/7956609/...nks-scramble-for-funding