The deal could be disclosed as soon as Tuesday and would serve as the opening bid in a coming bankruptcy-court auction for the assets, which include Dolly Madison and other brands.
But as the popularity of the brokerage services results in more people opening trading accounts with the company, this in-turn leads to higher interest-earning assets for Schwab.
The opening-up of eastern European archives and a recent U.S. State Department conference on Nazi-looted assets will give claimants even more documentation for pursuing their cases.