Charles Schwab Faces Investor Exodus as Stock Underperforms Market.

Charles Schwab Corp. experienced $8.8 billion in net outflows from its prime money market funds this week, with investors questioning the brokerage's resilience amid concerns about the health of the wider financial industry. The outflows were from two Schwab Value Advantage Money funds, representing the largest redemptions in at least six months. While outflows are a risk, the overall Schwab franchise remains healthy, according to a Bloomberg Intelligence report. Schwab's money market funds are stress-tested for their exposure to interest rate changes and have daily and weekly liquidity levels above regulatory requirements.