Charles Schwab Corp. rebounded from a record intraday decline after the online brokerage sought to reassure investors that it has sufficient liquidity to handle any volatility following the collapse of Silicon Valley Bank.

Shares of Westlake, Texas-based Schwab fell 12% to close Monday at $51.91 after plunging as much as 23% early in the session. The stock has dropped 38% this year.

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