Executive officers and directors of Charles Schwab Corp. scooped up nearly $5 million worth of the financial-services giant’s beaten-down stock on Tuesday in an apparent vote of confidence in the company’s ability to weather the ongoing bank debacle.
Chief Executive Walter Bettinger bought 50,000 shares of Schwab SCHW at a weighted average price of $59.31, according to a filing with the Securities and Exchange Commission late Tuesday. He paid a total price of $2.97 million.
Two…