A proposal by the House Republican Study Committee would gradually increase the retirement age until it hit 69 for those turning 62 in 2033.
The company's shares have lost more than one-third of their value this year as higher rates led customers to yank cash out of Schwab's low-yielding sweep accounts,
The Federal Reserve signaled it would likely resume tightening to cool inflation, projecting more increases than economists and investors expected.
The agency said a long-contemplated plan to rein in conflicts of interest associated with artificial intelligence could be introduced as soon as October.
President Joe Biden's top economic adviser, Lael Brainard, signaled the White House is unwilling to entertain the GOP proposal, which would cut income and corporate taxes.
The firm reached an agreement to settle a proposed class action alleging that it knowingly benefited from former client Jeffrey Epstein's sex trafficking.
The closing of the deal allows UBS to move forward with the integration of its former rival, a process that's likely to involve thousands of job cuts.
UBS will see its workforce, costs and balance sheet swell next week when the Credit Suisse deal likely closes, prompting it to weigh deep cuts to staffing levels and wind down riskier assets.
Will Hild’s Consumers’ Research is focusing on the second-largest US bank in its latest push against sustainable investing.
Both federal and state officials drilled in on the firm's staking program, which offers customers a return for letting their tokens be used to facilitate blockchain transactions.
