How Schwab Ate Wall Street



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When Walt Bettinger's three-hour bell rings, the CEO of Charles Schwab Corp. checks the net amount of funds his company has obtained in the last 24 hours. Last year it averaged $ 624 million a day, more than its three largest Wall Street rivals.

Schwab was best known as a discount broker for hobbyists when he took the helm in 2008 from founder Charles R. "Chuck" Schwab. Now, it looks more like a personal finance supermarket, offering services to …

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