Schwab’s $3B Sale Of U.S. Trust Spawns Acquisiton Talk
Monday, November 20th, 2006
NEW YORK (Dow Jones)–Charles Schwab Corp.’s (SCHW) planned sale of U.S. Trust Corp. rids itself of a business it never successfully integrated and gives it cash for stock buybacks and a possible takeover of other online brokers, investors and analysts said.
Schwab, a discount brokerage pioneer that has been expanding into managing money for wealthy clients, […]