Published 18:26 IST, April 15th 2024
Charles Schwab reports 15% drop in Q1 profit due to higher interest payouts
In the first quarter, Schwab paid an average interest rate of 1.35 per cent on deposits, higher than the 0.73 per cent recorded in the same period last year.
Charles Schwab | Image:
Charles Schwab
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18:26 IST, April 15th 2024