Charles Schwab (SCHW) says it will need to waive about $80M in fees due to declining yields on...

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

Charles Schwab (SCHW) says it will need to waive about $80M in fees due to declining yields on its money-market funds, and that the effect of low interest rates will also shave up to 4% off its net interest income. That was enough to send shares down 4%, even as Schwab and its peers reported strong gains in monthly trading volume.