Charles Schwab Bank, a wholly-owned subsidiary of The Charles Schwab
Corporation (NYSE: SCHW), today disclosed the results of its 2015
company-run stress test under the “severely adverse” scenario provided
by the Office of the Comptroller of the Currency.
In accordance with the Dodd-Frank Wall Street Reform and Consumer
Protection Act, Charles Schwab Bank is required to conduct company-run
stress tests annually and publicly disclose a summary of certain
results. View Charles Schwab Bank’s results here.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 325 offices and 9.6 million active
brokerage accounts, 1.5 million corporate retirement plan participants,
1.0 million banking accounts, and $2.57 trillion in client assets as of
May 31, 2015. Through its operating subsidiaries, the company provides a
full range of wealth management, securities brokerage, banking, money
management and financial advisory services to individual investors and
independent investment advisors. Its broker-dealer subsidiary, Charles
Schwab & Co., Inc. (member SIPC,
www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; referrals to independent fee-based investment advisors;
and custodial, operational and trading support for independent,
fee-based investment advisors through Schwab Advisor Services. Its
banking subsidiary, Charles Schwab Bank (member FDIC and an Equal
Housing Lender), provides banking and lending services and products.
More information is available at www.schwab.com
and www.aboutschwab.com.
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