Charles Schwab shares suffered their biggest intraday drop since last year’s regional-bank crisis after warning it will have to shrink itself.
Segantii Capital Management Ltd. has returned more than 90% of its client capital two months after the firm told investors it would.
Morgan Stanley's profit beat Wall Street expectations for the second quarter, but weakness in its key wealth business sent shares nearly 3% lower.
Charles Schwab (SCHW) reported slightly better than expected second-quarter earnings and revenue early Tuesday.