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Schwab shuts down offices in five cities, merges more

Large firms like Schwab typically occupy huge offices in prime, and expensive, downtown locations in large cities across the country.

As the wider brokerage industry figures out how to cut real estate costs in a work-from-home era, one firm, Charles Schwab Corp., said Tuesday it was closing offices in five cities because employees in those locations are now working from home.

Large firms like Schwab typically occupy huge offi

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