Schwab Goes for the Big Time; HSBC Joins the Bank Dead Pool
New York | News reports suggest that The Charles Schwab Corporation (SCHW) may acquire TD Ameritrade Holding Corporation (AMTD). SCHW is a $280 billion thrift holding company (RSSD:1026632) that ranks 14th in the US among large depositories. With $3.2 trillion in assets under management (AUM), SCHW also has a dominant position in the world of providing clearing and custody services to registered investment advisors (RIAs). Darren Fonda notes in Barron’s that this fact – and t