Fed sets fee structure for BlackRock's role in mortgage bond purchases
March 27, 2020 at 17:30 PM EDT
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.
