The brokerage was among the prospective buyers that failed to meet SoftBank and Renren-backed SoFi's $8bn to $10bn valuation.
Brokerage Charles Schwab held talks to acquire SoFi, the US-based online lender backed by social media company Renren and telecommunications group SoftBank, the Financial Times reported on Sunday.
A “foreign bank” made an initial $6bn offer for the company, two people familiar with the matter told the FT, and SoFi subsequently conducted discussions with Schwab and other potential buyers, but none were willing to meet its asking price of $8bn to $10bn.
SoFi originated as an online platform that helped…
