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Stock Market & Financial Investment News

News Breaks
March 14, 2014
08:48 EDTSCHWCharles Schwab reports February net new assets $10.9B
Charles Schwab released its Monthly Market Activity Report and said company highlights for the month of February include net new assets brought to the company by new and existing clients in February totaled $10.9B. Reports total client assets were a record $2.29T as of month-end February, up 13% from February FY13 and up 3% compared to January. Reports Clients’ daily average trades were 556.4 thousand in February, up 10% compared to February FY13 and down 5% compared to January. February trading activity included a 3% sequential decrease in daily average revenue trades.
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August 27, 2014
06:58 EDTSCHWMorgan Stanley wins $15M arbitration suit vs. Schwab, Reuters says
A Financial Regulatory Authority arbitration panel in San Francisco ruled that Morgan Stanley (MS) won a $15M arbitration lawsuit against Charles Schwab (SCHW), who accused the bank of unlawfully recruiting brokers from a Schwab San Francisco division that left with confidential data, according to Reuters, citing comments from a Charles Schwab spokesman. The ruling ended a disagreement which had lasted two years. Reference Link

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