To much applause, Chuck Schwab past week surprised the Street with his zero commissions policy on stock trades. This makes Charles Schwab as a stock one gigantic interest rate play because they arbitrage client credit balances, paying out much less than they earn on reinvestment.
To much applause, Chuck Schwab past week surprised the Street with his zero commissions policy on stock trades. This makes Charles Schwab as a stock one gigantic interest rate play because they arbitrage client credit balances, paying out much less than they earn on reinvestment.
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