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October 14, 2019

Charles Schwab escalates brokerage-fee war

  • The race to zero could help the brokers if it encourages greater overall trading volume.
    • By DAMIAN J. TROISE
    AP Business Writer

    NEW YORK — Investors hammered shares of online brokers this month after Charles Schwab escalated the industry's ongoing price war by scrapping more of its trading fees, all to the benefit of regular investors.

    Charles Schwab is betting the decision to lower or eliminate trading fees will help it attract customers, who've grown more vocal about the cost of investing.


     
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