Schwab writes down value of Lehman Brothers, WaMu notes(0)
Charles Schwab, the San Francisco financial services firm, has had to write down floating rate notes it held from Lehman Brothers and Washington Mutual, “(i)n light of the extraordinary events involving certain financial services firms during the past two weeks,” according to a filing it made Monday with the SEC.
The company is taking an “other-than-temporary” $50 million impairment charge against Read the rest of this entry »
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