The unintended consequences of the Fed's ZIRP claims a victim in Charles Schwab (SCHW -3.7%),...

|About: The Charles Schwab Corpo... (SCHW)|By:, SA News Editor

The unintended consequences of the Fed's ZIRP claims a victim in Charles Schwab (SCHW -3.7%), whose business is healthy but is getting slammed as it waives fees to clients so their money market funds don't see a negative return. The firm waived $160M in fees in Q3, cutting its net income to $220M. (earnings)