Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Bank, a wholly-owned subsidiary of The Charles Schwab Corporation (NYSE: SCHW), today disclosed the results of its 2015 company-run stress test under the “severely adverse” scenario provided by the Office of the Comptroller of the Currency.
In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, Charles Schwab Bank is required to conduct company-run stress tests annually and publicly disclose a summary of certain results. View Charles Schwab Bank’s results here.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 325 offices and 9.6 million active brokerage accounts, 1.5 million corporate retirement plan participants, 1.0 million banking accounts, and $2.57 trillion in client assets as of May 31, 2015. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.
Greg Gable, 415-667-0473
Chelsea de St. Paer, 415-667-1064