Charles Schwab to close Singapore office

“Charles Schwab Singapore will cease to provide services and will close its office in Singapore. The Singapore office will no longer be licensed to hold accounts and all its client funds would either be transferred to a new broker-dealer or liquidated and returned to clients, a company spokeswoman said in an emailed statement. Charles Schwab had opened its Singapore office in November 2017 to provide greater access of the U.S. market to investors in Singapore and Asia, who are often underexposed due to high transaction fees.

source https://finance.yahoo.com/news/charles-schwab-close-singapore-office-055717713.html?.tsrc=rss

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