MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 13, 2003 Schwab to Shutter a Score of Branches Charles Schwab & Co. is planning to shutter another 20 branches as part of an effort to bolster its bottom line. The San Francisco-based broker said that it would take a $35 million to $50 million pre-tax charge in the second half of this year due to the closings. The broker will also cut some 250 jobs along with the branches. The move does not affect Schwab's fund business. Printed from: MFWire.com/story.asp?s=5654 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |