In the Margins

BlackRock to buy $87b BofA money fund biz

November 3, 2015

By Bloomberg

BlackRock has agreed to buy an $87 billion money market fund business from Bank of America. The deal will involve merging BofA money funds and separate accounts into BlackRock's offerings. The deal will bring BlackRock's cash management business to about $327 billion in assets. Read the original story from Bloomberg