Charles Schwab's cash-sorting mix improves as clients stop chasing T-bills
The deposit beta story is finally moving in the firm's favor, one statement cycle at a time.
Priya NairFinance Reporter
Credit cards and a laptop during an online payment
WESTLAKE, Texas — The deposit beta story is finally moving in the firm's favor, one statement cycle at a time.
Sweep balances have stabilized and a larger share of new cash is staying inside Schwab products, according to two advisors who saw the latest platform report — the unglamorous number that fixes a balance sheet.
Priya Nair
Finance Reporter
Writes on banks, private credit, and the regulatory perimeter around nonbank lenders.