Bill F.

With all of the issues surrounding the closure of SVB, Charles Schwab (CS) has come into focus. Whether the focus is fair or unfair is very critical for all of us who have accounts in CS. After taking a hit from Wall Street the day after SVB closure, the next day the CEO of CS says that he recently purchased 50,000 shares of the company and that the company had daily inflows of capital of around 2 million. My first reaction was, if the company is not in trouble, why would the CEO feel it necessary to announce his purchase of additional shares. I was raised with the idea that the less said the better. Then this morning the headline is that Credit Suisse is raising it projections on CS. Well that's just great, a huge European bank that just announced that the Saudi National Bank is no longer injecting cash into it, is recommending CS! Credit Suisse will most likely be the next bank to fold up. Is CS really being honest with us, as customers or, is the really fire where there is smoke. It may be time to run for the hills away from CS.