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☆ Schwab slashes fees on more fixed income ETFs
▼ + stars: | 2023-09-25 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +1 min

REUTERS/Lee Jae-Won/File Photo Acquire Licensing RightsSept 25 (Reuters) - Schwab Asset Management on Monday said it cut fees on the Schwab High-Yield Bond ETF (SCYB) and the Schwab U.S. That brings the fees for those products to the same level as its other fixed income ETF products. State Street slashed fees on ten SPDR ETFs in August, including that high-yield bond product. Schwab doesn't want these low-cost ETFs to end up as loss leaders for the company's array of asset management products, Bostet said. Schwab has nearly $300 billion in ETF assets under management, out of more than $920 billion managed by Schwab Asset Management overall.

Persons: Lee Jae, David Botset, Bostet, Schwab doesn't, Schwab, Suzanne McGee, Sonali Paul Organizations: REUTERS, Schwab Asset Management, Schwab, Bond, Management, Thomson Locations: Seoul, Schwab U.S

☆ Insiders were stepping up and buying this week at these regional banks and niche financials
▼ + stars: | 2023-03-17 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The banking crisis drove regional bank stocks sharply lower this week, but many insiders took advantage of the turmoil to scoop up shares of their own institutions in what may prove a vote of confidence. Shares of regional banks slumped as the collapse of Silicon Valley Bank left investors worried that other regional banks might face similar balance sheet issues, a possible mismatch between long-dated assets and short-dated liabilities. Regional banks had regained some ground Thursday in anticipation of a group of 11 banks stepping in to First Republic by depositing $30 billion for at least 120 days . Charles Schwab Notably, Charles Schwab CEO Walt Bettinger bought 50,000 shares Tuesday, worth nearly $3 million, for his personal account. Valley National Bancorp Ira Robbins (CEO) bought 5,000 shares Wednesday Jennifer Steans (Director) bought 150,000 shares Tuesday Eric Edelstein (Director) bought 20,000 shares Tuesday Melissa Schultz (Director) bought 15,000 shares Tuesday Jeffrey Wilks (Director) bought 8,000 shares Tuesday Marc Lenner (Director) bought 5,000 shares Tuesday Suresh Sani (Director) bought 5,000 shares Tuesday Valley National Bancorp saw a rush of insider buying this week, including purchases by its CEO and several directors.

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