His personal stake fell to about $566 million at end of September, from $775 million a year earlier.
Bank wants to scale up its 800 billion asset management business so it can compete with larger rivals.
Proposal would bar leveraged products from describing themselves as exchange-traded funds
Funds that track areas like small-cap stocks and semiconductor manufacturers are seeing inflows.
Debt payments could weigh increasingly on company profits, as well as the payouts they make to shareholders.
'A builder and a problem solver,' he served on the boards of the Urban Institute and the Brooklyn Museum.
Market's moves seem to be ignoring the healthy economy and good earnings.
In third quarter, bank's global wealth management unit saw pre-tax profits rise 3%
Flows into two big exchange-traded funds tracking the S&P 500 were the highest in over a month.
Limits on federal deduction for state and local taxes could put them at a disadvantage in negotiations with free agents
