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Charles Schwab Banks on Remote Work With Plans to Close Some US Offices

Offices in Atlanta, San Antonio, San Diego, St. Louis and Tampa Expected To Close by October
A Charles Schwab brokerage firm in New York City. Charles Schwab plans to cut $500 million in expenses, including reducing its real estate. (Getty Images)
A Charles Schwab brokerage firm in New York City. Charles Schwab plans to cut $500 million in expenses, including reducing its real estate. (Getty Images)

Charles Schwab Corp. plans to cut $500 million in expenses over the next 18 months in a move that includes closing and reducing the size of some of its offices across the United States after completing the integration of one-time rival TD Ameritrade.

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