Charles Schwab 2008 Annual Report Download - page 53

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THE CHARLES SCHWAB CORPORATION
Management’s Discussion and Analysis of Financial Condition and Results of Operations
(Tabular Amounts in Millions, Except Ratios, or as Noted)
- 39 -
the amount of loans to the Company’s brokerage and banking clients;
the level of brokerage client cash balances and deposits from banking clients;
the availability and terms of external financing;
the level of the Company’s stock repurchase activity;
the timing and impact of changes in the Company’s level of investments in technology and buildings;
the Company’s ability to sublease certain properties; and
potential breaches of contractual terms for which the Company has indemnification obligations.
Certain of these factors, as well as general risk factors affecting the Company, are discussed in greater detail in this Annual
Report on Form 10-K, including “Item 1A – Risk Factors.”