Corporate
Jan. 11, 2011
Schwab Decides Turnabout Is Fair Play
Over the summer, while the Charles Schwab Corp. was denying liability and putting the finishing touches on $235 million in settlements in a lawsuit brought by investors who claimed it invested too heavily in mortgage-backed securities, the




Daily Journal Staff Writer
SAN FRANCISCO - Over the summer, while the Charles Schwab Corp. was denying liability and putting the finishing touches on $235 million in settlements in a lawsuit brought by investors who claimed it invested too heavily in mortgage-backed securities, the brokerage firm was readying its own litigation assault - against the banks that sold the securities to it.
It was an ironic change of heart: Schwa...
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