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MyPeePeeReversed t1_jdpvqxw wrote

Reply to comment by SocraticGoats in Schwab CDS jump is not concerning and those that think it is are Chicken Little. CTFD! by mrnotadvice

This is true. Schwab has 1.7T assets under management AUM, while Morgan Stanley (Etrade) has 1.9T AUM. Both practically giants. If one goes down, you definitely have bigger issues too worry about.

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mrnotadvice OP t1_jdr5uyr wrote

One difference is that Schwab does no investment banking. Morgan does. Makes Schwab “safer.”

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Farnswirth t1_jdrfp06 wrote

> As of the end of 2022 Schwab had $7.48 trillion in total client assets.

According to OP

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