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KM Financial Solutions | UPDATE 1-Fed sets fee structure for BlackRock’s role in mortgage bond purchases
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UPDATE 1-Fed sets fee structure for BlackRock’s role in mortgage bond purchases

26 Mar UPDATE 1-Fed sets fee structure for BlackRock’s role in mortgage bond purchases

Posted at 21:20h in News by
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BlackRock Inc will earn less
than $8 million a year in fees for its role assisting the
Federal Reserve with its purchases of commercial mortgage-backed
securities, one of the new programs the central bank is rolling
out to backstop an economy under threat from the coronavirus
outbreak, according to details of the arrangement released on
Friday.

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