Charles Schwab a 'safe port' in banking storm as weekly inflows surge
Charles Schwab a 'safe port' in banking storm as weekly inflows surge
(Reuters) -Financial broker Charles Schwab on Friday reported $16.5 billion in core net new assets for the week on strong inflows from clients moving funds amid several high-profile collapses that have whipsawed the U.S. banking sector.
The Texas-based company's stock pared losses to trade 3.2% lower. It had fallen as much as 6.4% earlier in the day.
Charles Schwab had also recorded an influx of $4 billion in …