fee

The increase, which is expected to generate $200 million per year for the city, will be followed by several more fee hikes through 2029.

The mutual fund, which comes with a rock-bottom annual fee of 0.07%, offers broad exposure to U.S. stocks and investment-grade bonds.

It will also support people with nappies, baby and family toiletries for a nominal fee, but that can be waived in certain circumstances.

Revenue—or total income—came in 1% higher at 15.27 billion euros on an underlying basis, driven by resilient income from fees and from interest it charges on loans, it said Wednesday.

More recently, Halvorson played a key role in Mondelez’s embrace of generative AI for ad creation, which the company said could save about $40 million in agency fees and production costs.