Schwab Sees $160M One-Time FDIC Special Assessment Later Year
Portfolio Pulse from Happy Mohamed
Schwab has announced that it expects to face a one-time special assessment of $160M from the Federal Deposit Insurance Corporation (FDIC) later this year.
July 18, 2023 | 12:59 pm
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Schwab is expected to face a one-time special assessment of $160M from the FDIC later this year, which could impact its financial performance.
The announcement of a significant one-time assessment from the FDIC could potentially impact Schwab's financial performance in the short term. This could lead to a negative sentiment among investors, potentially driving the stock price down.
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