4 ms·

You should read their press release from this morning: https://pressroom.aboutschwab.com/press-releases/press-release/2023/Schwab-Reports-Monthly-Activity-Highl

• ericpauley 4y ago
  > More than 80% of our total bank deposits fall within the FDIC insurance limits That's all you need to hear right there.
  • s1artibartfast 4y ago
    Why would that be the key takeaway? It says nothing about their liquidity. It just means that there are fewer people incentivized to make a run.
    • ericpauley 4y ago
      As long as (FDIC Deposits + Clearly liquid assets) >> 100% it’s hard to imagine a bank failure unless people are profoundly stupid.
• rattray 4y ago
  My tiny summary: They have a _ton_ of liquidity (~$100 billion) so "hold to maturity" unrealized losses aren't going to have to be realized - they can just hold them to maturity. Also, they claim all their fundamentals are strong and improving with booming deposits, strong margins, etc. What's more, 80% of their deposit base is fully covered by FDIC insurance.