In late 2004, Chuck Schwab looked me in the eye and declared that U.S. Trust was not for sale. It had been his idea to buy the trust-services shop, and he would see it through, he said. In my book about Schwab, and in...
Charles Schwab is getting back to basics—well, in as far as you can call investors with $50,000 to $2 million in assets “basics.” With its recently announced plans to sell U.S. Trust to Bank of...