UPDATE 1-Schwab to tough out rest of year, waiting for rate hike
July 24, 2015 at 17:23 PM EDT
NEW YORK, July 24 (Reuters) - Charles Schwab Corp will more than double its salesforce, add branches and may lower trading commissions when the U.S. Federal Reserve raises interest rates, but it will have to "tough out" the rest of 2015 if the economy remains "anemic," executives said on Friday.
