Schwab plans offer jobs to 400 USAA employees who will be affected, another 400 will be absorbed, but 350 may be without jobs.
Just weeks after completing the sale of its investment management arm, USAA could sell another of its businesses to Charles Schwab.
Victory Capital plans to relocate the firm’s global investment management business from Cleveland to San Antonio.
The company attributed its reduced income to devastating catastrophes, including Hurricanes Florence and Michael and California wildfires.
The Dimmick Diaries has learned that financial services behemoth USAA aims to purchase a building it previously owned, over the wishes of a group of nuns.
USAA was ranked the best among 60 banks in the U.S. based on a survey of 40,000 customers around the world. A German bank was named best in the world.
One potential buyer of the AT&T building is the neighboring private university that occupies the north corner of Broadway and Hildebrand Avenue.
The 2019 tour of The Wall That Heals, a replica exhibit of the Vietnam Veterans Memorial, will begin Feb. 28 in San Antonio and visit 34 communities during the year.
USAA employees, about 19,000 of whom are based in San Antonio, will receive 14.8 percent of their annual salary in a payout Feb. 7.
The San Antonio-based financial services giant has made the donation to Coast Guard Mutual Assistance, which will offer no-interest loans to Coast Guard members.