A lot is riding on Charles Schwab's plans to fix its bank, which accounts for roughly half its revenue. The market is skeptical: After a pullback in 2023, the brokerage's stock is down 5.8%...

The largest U.S. brokerage reported revenue and profit declines, lost deposits, faced higher interest rates and integrated TD Ameritrade. Employees describe a year of uncertainty, confusion and frustration as the company prepares for growth in 2025.

The $187 million will go to “harmed clients,” the SEC said. That includes a $135 million civil penalty and about $52 million in disgorgement, or profits that Schwab must return from the...

Why did Charles Schwab, the nation’s largest publicly traded brokerage company, a financial giant with $7 trillion in assets and 35 million accounts, get swept up in the recent banking turbulence?

(2 min) Charles Schwab SCHW 0.16% is best known as the largest publicly traded U.S. brokerage firm, but it also runs a large bank that isn’t quite too big to fail. Investors are behaving as...