Charles Schwab's 'difficult' day — Alt-data firm rates CEOs — Goldman Sachs' sexual misconduct suit
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Dan DeFrancesco
Oct 28, 2020, 16:21 IST
NEW YORK, NY - SEPTEMBER 9: Two men look out the window of the 63rd floor of One World Trade Center toward Manhattan prior to an event to commemorate the federal government's return to One World Trade Center, September 9, 2016 in New York City. U.S. Customs and Border Protection, Federal Office of Emergency Management, and General Services Administration will have office space at One World Trade Center. (Photo by Drew Angerer/Getty Images)Drew Angerer/Getty Images
Europe's largest bank acknowledged big changes are coming when reporting its earnings Tuesday.
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HSBC said it's looking to drive the majority of revenue from fee-based business as opposed to interest rates, as was previously the case.
It's worth noting part of this shift in strategy could include more fees for standard banking accounts. With Britain being home to some of the most successful neobanks, that type of change won't be welcomed by customers.
Great scoop by Rebecca Ungarino on the cuts taking place at Charles Schwab.
In case you missed it, Schwab announced it is cutting roughly 1,000 employees as part of the integration of recently-acquired TD Ameritrade into the company.
Rebecca got to take a look at the memo sent out by Schwab's head of client service and support.
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