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Charles Schwab, 2003 Timeline Saturday, April 21 Bookmark and Share     Author
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Highest quarterly profit since 2000
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Schwab, 2003   Pottruck (2)   San Francisco, May, 2003 (95)   2000 (34)   San Francisco, July, 2003 (95)
Schwab expands into banking  Charles Schwab Bank is promising discount mortgages Vice Chairman Coghlan steps down  John Philip Coghlan, 52, was in charge of its struggling individual investor division Pottruck becomes sole CEO
Second consecutive quarterly loss  Charles Schwab Corp. posted a loss of $79 million, or 6 cents per share Schwab to relinquish co-CEO title  Charles Schwab will entrust the full responsibility for running the company to his management partner, David Pottruck Board OKs $250 Million Buyback  Schwab is now able to repurchase a total of $350 million worth of its shares Plan for Online Bank Is Behind Schedule  Charles Schwab Bank is still mired in an approval process required by banking regulators Sharp decline in first-quarter profit


January 2003 ... more > Top ^
Jan.21


February 2003 ... more > Top ^
Feb.1


March 2003 ... more > Top ^
Mar.17


April 2003 ... more > Top ^
Apr.3
Apr.22
  Company earned $71 million, or 5 cents per share, during 3 months. That represented a 24% drop from last year
Apr.28


May 2003 ... more > Top ^
May.5
May.7
  Charles Schwab, 65, continues as non-executive chairman as of shareholders meeting


July 2003 ... more > Top ^
Jul.23
  Profit is reflecting a surge in customer trading and gains from the drastic cost cutting


August 2003 ... more > Top ^
Aug.5 Charles Schwab sells 2.6 million shares
  Stock brokerage magnate sold the Charles Schwab Corp. shares at prices between $9.88 and $10.40 raising $26.2 million Aug.12 Schwab to fire workers, close branches  Steadily shrinking stock brokerage disclosed plans to fire 250 more workers and close 20 more branches

November 2003 ... more > Top ^
Nov.4 Schwab to adopt AXA Rosenberg funds
  Charles Schwab will adopt and rename a small mutual fund family to add more flavor to its investment menu Nov.14 Improper mutual fund trades disclosed
  Charles Schwab is becoming the first major discount brokerage linked to an industrywide scandal
Nov.19 Schwab to buy SoundView for $345 million
  Charles Schwab will buy stock research firm, further extending the brokerage's reach beyond the individual investor market


December 2003 ... more > Top ^
Dec.16 Schwab to reinstate contribution to 401k
  Charles Schwab will revive its matching contribution to employee 401(k) accounts next year




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