trending Market Intelligence /marketintelligence/en/news-insights/trending/6STQVvZbV4Nk1MUbABV21A2 content esgSubNav
In This List

Charles Schwab seeks to acquire Nordstrom's banking unit

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition


Charles Schwab seeks to acquire Nordstrom's banking unit

Retail brokerage Charles Schwab Corp. has filed a proposal with the Federal Reserve to acquire Nordstrom FSB, according to the Federal Reserve release for the week ending Aug. 5.

Nordstrom FSB is a savings and loan subsidiary of retailer Nordstrom Inc. It had about $245.6 million in total assets as of June 30. Charles Schwab Bank had about $175.66 billion of assets as of June 30.

In June, members of the family that founded Nordstrom said they were exploring taking the company private by acquiring all of its outstanding shares.