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Rating:Schwab's Money Market Fee Waivers Will Rise Again Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 04, 2011

Schwab's Money Market Fee Waivers Will Rise Again

News summary by MFWire's editors

Schwab's [see profile] money market pain may be on the rise again. Schwab chief financial officer Joe Martinetto said during the company's winter business update that Schwab could waive about $115 million per quarter in money market mutual fund fees this year in light of low interest rates, the Wall Street Journal's Brett Philbin reports.

That's down from the peak $125 million Schwab waived in Q1 2010, but a rise from the $93 million it waived in Q3 and the $102 million it waived in Q4. 

Edited by: Neil Anderson, Managing Editor

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