Is Schwab having a liquidity problem? Earnings last quarter say no, prior quarter say yes… client here that cannot access monies…you tell me why? Account issue remains unresolved despite promises
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If Schwab has cashflow issues, they could just lay people off and pay the minimal in severance based on WARN - say, 2 months' pay and just let it go at that. Then all those people who wished to get laid off can be laid off with their 2 months' pay just like that.
Schwab bank: https://www.schwab.com/resource/mid-year-consolidate-statement-of-financial-condition
Mid year- stated in “millions”
AUM is not cash. Growth is not cash. Cash is cash.
Authorizing a 15 billion (yes Billion with a B) dollar stock buyback is not something a company with cash flow issues does. Luckily for Schwab even Poor leaders could mess up this gravy train. If you’re gonna troll at least me the topic believable.
AUM is not cash that the company use to expand, grow, pay bills, and so forth. We use client account cash balances for that. That balance is swept daily into a huge account, which we ear interest on. That interest generates revenue for us to buy things. Things.
OP is just stirring things up. But to @2tsm+1hRKcQe1, you realize that the $8T in AUM would not help Schwab if it did have cash flow issues right? Right?!!?
OP is full of sh*t. Just a troll trying to stir things up.
Schwab has over 8 trillion dollars assets under management.. They say you should never go full re--rd. You just broke that rule.