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Tim Sloan stepped down effective immediately amid mounting pressure over the lender's scandals.

The embattled executive says the nation’s fourth-largest bank “will benefit from a new CEO and fresh perspectives."

The newest recruits are indicative of the firm's hiring push.

Advisors and trade groups resist a patchwork of regulations, saying it would limit consumer choice and increase firms’ expenses.

As an alternative to placing restrictions on lump sum withdrawals, clients could provide retirees more distribution flexibility.

Growing fixed products, along with new fee-only offerings, are changing the shelf and the carrier rankings.

Data reported by the Investment Company Institute.

The justices said bankers can be held liable for sending clients deceptive information written by others.

The firm is dismissing hundreds of workers after a periodic review of staffing.

Asset managers have felt the pressure as volatility roils global markets and investors continue to demand low-fee funds that require far fewer workers.