Schwab CEO says firm is 'winning' with Gen Z by rejecting the 'gambling' model of Robinhood and FanDuel

As fintechs like Robinhood (HOOD) and FanDuel lean into the gamification of trading to attract younger users, financial giant Charles Schwab (SCHW) has no plans to join the digital bookie business. "People generally don't get better off in their financial life via gambling," Rick Wurster, Schwab CEO, told Yahoo Finance. "So that's something we're hesitant to do." He poignantly added that the company would "leave that to the gambling firms," name-dropping Robinhood and FanDuel. FanDuel did not immediate ...