Charles Schwab Corp. SWW, +0.39% CEO Walt Bettinger stated that the brokerage and financial services company has sufficient resources to continue operating even if its deposits are lost over the next year, according to The Wall Street Journal. Bettinger stated in the report that there would be enough liquidity to cover 100% of its bank’s losses without having to sell any security. He said that Schwab could borrow money from the Federal Home Loan Bank and issue certificates of deposit or collect interest on its bond portfolio. Investors are examining the declining value of long-term assets and other assets owned by financial institutions that might not be enough to cover sharp drops in deposits. Charles Schwab’s case is an example of this. The bank holds some bonds that are currently underwater on paper. Seawolf Capital disclosed that it holds a short position with Schwab. Porter Collins, Seawolf Capital’s portfolio manager, said that Schwab had mismanaged its balance sheets. Schwab stock has fallen 1.7% in premarket trades, and has lost almost 37% of its value in 2023, as compared to a 2.8% increase by the S&P 500 SPX, -0.56%.