Company Directory - Charles Schwab Bank
Company Details - Charles Schwab Bank
Charles Schwab Bank
WebsiteSan Francisco, United States
Charles Schwab Bank, a subsidiary of the Charles Schwab Corporation, offers comprehensive banking services including checking and savings accounts, investment management, and financial advisory services, tailored to meet the needs of consumers and investors.
CCI Score
CCI Score: Charles Schwab Bank
2.93
Latest Event
Charles Schwab Corporation Lobbying Activity
An OpenSecrets profile details Charles Schwab Corporation's lobbying activity, with data downloaded on February 19, 2025. The profile illustrates the company's lobbying spending and efforts to influence federal policy, raising concerns about potential corporate influence on political processes in favor of business interests.
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OBJECTOR
Charles Schwab Bank is currently rated as an Objector.
Latest Events
- FEB192025
An OpenSecrets profile details Charles Schwab Corporation's lobbying activity, with data downloaded on February 19, 2025. The profile illustrates the company's lobbying spending and efforts to influence federal policy, raising concerns about potential corporate influence on political processes in favor of business interests.
-50
Political Contributions and Lobbying Efforts
April 11
The recorded lobbying activity indicates that Charles Schwab Corporation is actively investing in political influence efforts. From a left-leaning anti-fascist perspective, such aggressive lobbying is seen as an attempt to shape policies in favor of corporate interests, potentially undermining democratic accountability and supporting entrenched power structures.
- DEC312023
Charles Schwab Corp, the parent of Charles Schwab Bank, spent $640,000 on federal lobbying efforts during 2023 as reported by OpenSecrets. This spending highlights the firm’s active engagement in influencing policy, raising concerns about corporate influence on democratic processes.
-70
Political Contributions and Lobbying Efforts
April 11
The reported $640,000 in lobbying expenditures by Charles Schwab Corp is indicative of substantial corporate political engagement aimed at influencing federal policy. From an anti-fascist perspective, such heavy spending on lobbying can undermine transparency and democratic accountability, thereby bolstering corporate interests over public welfare.
- OCT252023
Charles Schwab Corporation announced that it is shutting down its Political Action Committee, ceasing both the acceptance of employee contributions and financial support to lawmakers. The firm will redirect remaining PAC funds to community organizations including the Boys & Girls Club of America and Historically Black Colleges and Universities, marking a move toward a more apolitical stance.
+40
Political Contributions and Lobbying Efforts
April 11
By discontinuing its PAC, Schwab is eliminating a channel for corporate political donations, thus reducing its role in partisan political influence. This step away from direct financial engagement in politics—as previously executed with an equal split between parties—aligns with anti-authoritarian principles by limiting corporate capacity to sway political outcomes and by redirecting funds to organizations that support community development and historically marginalized groups.
Schwab to Discontinue its Political Action Committee | About Schwab
- JAN142021
On January 14, 2021, Charles Schwab announced the shutdown of its political action committee, ceasing the collection of political donations amid criticism over funding candidates who supported overturning the presidential election results. The remaining PAC funds were donated to organizations like the Boys & Girls Club of America and historically Black colleges and universities, marking a strategic pivot in its political engagement.
+60
Political Contributions and Lobbying Efforts
April 11
By shutting down its PAC and discontinuing the practice of channeling funds to partisan candidates, Charles Schwab is distancing itself from political donations that previously could be seen as indirectly supporting authoritarian efforts. This move aligns with anti-fascist principles by reducing direct corporate influence in partisan politics and reallocating funds to community-benefiting organizations.
Charles Schwab Is Ending All Political Donations And Shutting Down its PAC
- JAN142021
On January 14, 2021, Charles Schwab announced the closure of its political action committee and the cessation of its political donations. The remaining PAC funds were redirected to the Boys & Girls Club of America and historically Black colleges and universities, a decision made amid criticism over past donations to candidates who supported efforts to overturn the presidential election results.
+70
Political Contributions and Lobbying Efforts
April 11
By shutting down its PAC and halting further political donations—while donating remaining funds to charitable causes—Charles Schwab is distancing itself from funding candidates tied to efforts to undermine democratic processes. This move, made in response to partisan criticism, aligns with anti-authoritarian values by reducing corporate political influence and promoting accountability.
Charles Schwab Is Ending All Political Donations And Shutting Down its PAC
- FEB202013
Charles Schwab Corp. announced that it is permanently ending its political contributions by shutting down its political action committee, citing a 'hyper-partisan environment' that undermines a balanced political process. The firm will continue to lobby lawmakers and regulators while donating remaining PAC funds to organizations like The Boys & Girls Club of America and Historically Black Colleges and Universities.
+30
Political Contributions and Lobbying Efforts
April 11
By permanently ending its political donations, Schwab is reducing its direct financial influence on partisan politics, which aligns with anti-authoritarian principles. However, the continuation of lobbying efforts suggests the firm still seeks to influence policy, albeit in a more restrained, less overtly partisan manner. This mixed approach results in a moderately positive rating in political contributions and lobbying efforts.
Schwab ends political donations permanently - Investment News
Alternatives
Frankfurt, Germany
10.36
Corporation
0.00
Boston, United States
53.02
New York, United States
6.51
Milwaukee, United States
-4.84
Charlotte, United States
-10.22
New York, United States
-12.03
New York, United States
-26.32
San Francisco, United States
-46.35
New York, USA
25.94
Corporate Financials
- Revenue
- 2022
- $5.48B
- Total Assets
- 2022
- $64.97B
- Operating Income
- 2022
- $2.83B
- Total Equity
- 2022
- $19.00B
Industries
- 522110
- Commercial Banking
- 523999
- Miscellaneous Financial Investment Activities
- 523930
- Investment Advice
- 523920
- Portfolio Management