SVB implosion: Charles Schwab lost $3B after brokerage shares plunge

, which is causing jitters — that's because investors are concerned that Charles Schwab Corp could go the way of SVB if it's forced to sell its bonds at a loss.saying it has enough liquidity to weather any volatility.

Peter Crawford, the company's CEO, said in the statement that the company has access to"significant liquidity," including about $100 billion of cash flow, and over $300 billion of incremental capacity with the Federal Home Loan Bank and other short-term facilities. "Given our significant access to other sources of liquidity there is very little chance that we'd need to sell them prior to maturity," Crawford added.

Unfortunate news but hopefully markets will stabilize soon.

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JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources. This is pretty cool and interesting, but no matter what you are doing, don't depend on a single income and if you want to be financially free, invest for tomorrow's future. I've made over $50k in crypto with the help of. 📥👇👇
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