Is Charles Schwab a real company?

JHVEPhoto The Charles Schwab Corporation (NYSE:SCHW) is a Westlake, Texas-based multinational financial services company. As of current, the company offers retail and commercial banking services, though it maintains a primary focus on brokerage services, wealth management, and asset management products.

Will Coinbase surpass Charles Schwab in market capitalization next year?

For this installment, I caught up with Matthew Hougan, chief investment officer at crypto asset manager Bitwise Asset Management, who said he expects Coinbase Global Inc. to surpass Charles Schwab Corp. in market capitalization next year — becoming the largest brokerage firm in the world in the process.

Why is Schwab struggling?

Schwab has struggled in recent years because of cash-sorting, a process by which customers move cash from low-paying (but profitable) sweep accounts to higher yielding options. That forced Schwab to rely on short-term borrowings when deposit outflows exceeded its cash on hand, thus weighing on earnings.