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Francis X. Suarez is the mayor of the City of Miami.

The majority of job cuts are in corporate departments, with little impact to advisors or client service roles, the firm says.

Katelyn Sullivan is head of partner development at OnPay.

Todd Barstow is vice president of payment solutions for GK Software USA.

“Expense ratios matter to most people, particularly when you're looking at these mostly passive funds,” an expert says.

It’s the latest team to exit the wirehouse as profit suffers.

More than 60 million Americans could receive slightly higher benefits next year, according to a nonpartisan advocacy group’s new projection.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

Work output was particularly affected on Mondays and Fridays, according to findings discussed by CEO Jamie Dimon in a private meeting with analysts.

Despite its risks, the fund has become popular with day traders, who pushed its volume to new highs this month, according to a report.