The Wall Street Journal writes "Charles Schwab CFO: Money Market Fund Fee Waivers Could Reach About $125M In 2Q". The brief says, "Charles Schwab Corp. Chief Financial Officer Joe Martinetto said money market fund fee waivers for the discount brokerage could 'tick up in the second quarter' and level out around $125 million. That forecast is $10 million higher than the projection Schwab gave in February, though Martinetto -- on the company's interim business update -- told investors the outlook could rise or fall by a few million. Schwab is waiving those fees on its funds because of low interest rates so that clients' returns don't turn negative. The San Francisco company waived $112 million in such fees in the first quarter and $433 million in the whole of 2010."

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