As big U.S. banks let customers delay payments, loan losses remain unclear

Major U.S. bank executives this week said they extended forbearance programs to millions of credit card, auto loan and mortgage customers who were financially hard hit by the coronavirus pandemic.

Investors chase risky assets as stimulus measures offset virus worries: BofA

Investors pumped money into riskier bonds and equity funds, BofA's weekly fund flow statistics showed on Friday, as unprecedented stimulus measures helped offset worries about rising COVID-19 case numbers in the United States.

Proxy advisers ISS, Glass Lewis back Toshiba, recommend against dissidents

Proxy advisers Institutional Shareholder Services Inc (ISS) and Glass, Lewis & Co on Thursday recommended that Toshiba Corp shareholders elect all company directors, dealing a blow to two activist investors pushing to add five newcomers.

Leaf Group says one board member quits, another leaves audit committee

Leaf Group said in a regulatory filing on Wednesday that one of its board members resigned and another was removed from the audit committee because he is ineligible to serve on it.

Corporate activist investors eye Europe, Japan more in first half: Lazard

Activist investors demanded more change at European and Japanese companies in the first half of 2020 while giving U.S. companies a pass, for now, new data from investment bank Lazard show.

Chinese mutual fund industry sees jump in new funds and inflows

China's mutual fund industry saw another massive jump in new products and subscriptions in June, suggesting the swift rally in mainland stocks has room to run further.

BlackRock cast tougher climate votes, environmentalists want more

BlackRock Inc released figures showing it took a tougher stance on climate matters in the springtime proxy season, though it drew criticism from environmentalists claiming the top asset manager failed to back up its recent emphasis on the area.

Faced with COVID-19, highest number of Australians tap retirement funds since April

Australians asked to pull out more than A$5 billion ($3.5 billion) from their pension funds in the first week of July, the highest since the government granted early access to retirement savings to support a coronavirus-hit economy.

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