Schwab has had to turn to supplementary funding sources to counter an uncertain economic environment.
in a bid to rein in costs amid still-high inflation, rising interest rates and higher borrowing costs.
Charles Schwab also said it was currently assessing its real estate footprint, and that it planned to close or downsize certain corporate offices. It expects to realize about $500 million of incremental annual run-rate cost savings by undertaking these actions.
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