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Financial stocks fall as AI tools spark disruption concerns
U.S. financial stocks fell 2% and banks 3% on Sept. 22 as AI disruption concerns, a flatter yield curve and delayed IPOs weighed on the sector.
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About Charles R. Schwab
Charles Robert Schwab Sr. is an American investor and financial executive. The founder and chairman of the Charles Schwab Corporation, he pioneered discount sales of equity securities starting in 1975. His company became by far the largest discount securities dealer in the United States. He semi-retired from the company in 2008 when he stepped down as CEO, but he remains chairman and is the largest shareholder.
Everything about Charles R. Schwab →- Occupation
- businessperson, entrepreneur
- Citizenship
- United States
- Born
- July 29, 1937