One year ago, deposit outflows became a real problem for banks, and a few failed because of it. One financial company that struggled with falling deposits is Charles Schwab (NYSE: SCHW). That's because rising interest rates have made it more attractive for investors to move their money into higher-yielding alternatives. Investors learned more about Schwab's deposit situation during its first-quarter earnings call. Here's the latest.

Charles Schwab provides customers with various financial services, including banking, brokerage, financial planning, and wealth management. The company has historically performed well for investors, thanks to its limited credit exposure and cost-efficient business models.

Over the past decade, Schwab's average return on equity is 13.5%, outpacing banks and other financial institutions, JPMorgan Chase (12.2%), Morgan Stanley (9.6%), and Bank of America (8.2%).

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Source Fool.com