It may be the holidays, but some financial services executives are letting the troops know that management does not plan to fiddle, Nero-style, as the equity market burns.

Charles Schwab Corp. is the latest financial services company to announce cost-cutting measures in the face of bloodletting in the stock market and a weakening economy.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.