Banco Popular de Puerto Rico

The firm previously told some customers they would be transferred from their advisers to a self-managed system, but then backtracked and said it's holding off on the changes.

The famed manager claimed he was ousted by a “cabal” of executives who wanted a larger share of his bonus.

Multi-asset funds offer something that isn't easy to automate.

If shares of companies such as Wal-Mart start to falter, that'd be a clue that measures such as the border adjustment tax are gaining traction.

The outflows are another indication of the hedge fund industry’s declining popularity after years of underperformance.

On the same day, the OCC faulted the bank for engaging in an “extensive and pervasive pattern” of discriminatory and illegal lending practices for years.

The S&P 500 has limited potential for returns over the next couple of years, in contrast to European equities, which are trading at a discount to their U.S. counterparts.

The firm's success bucks a long-held premise that investing in developing markets requires active managers responding to sudden shifts in political risk.

Money has flowed out of the vehicles as growth favors stocks.

The proposal includes cuts that would benefit businesses, the middle class and certain high-earning individuals but left unanswered questions about whether the plan would be paid for, or how.