 | | | | British fund managers' assets under management rebounded by the end of June towards record highs above 8 trillion pounds seen before the COVID-19 pandemic, estimates from the sector's trade body show. | | | | | | Citigroup Inc's institutional clients group (ICG) unit named Kira Cordoba-Brown as the head of talent & diversity on Tuesday. | | | | | | The Members Exchange (MEMX), a new U.S. stock exchange backed by some of the biggest customers of the New York Stock Exchange and Nasdaq Inc, launched on Monday with pricing aimed at taking market share from the incumbents. | | | | | | Citigroup Inc said on Wednesday it would set aside more than $1 billion to support initiatives that help close the racial wealth gap and increase economic mobility for people of color. | | | | | | UBS Chief Executive Sergio Ermotti joined other banking executives on Tuesday in declaring consolidation of the European sector "inevitable", declining comment on whether Switzerland's biggest bank plans to participate. | | | | | | Top accounting firms and the World Economic Forum were scheduled to release on Tuesday key metrics for companies to use when reporting on their environmental, social and governance impacts. | | | | | | In the wake of the COVID-19 outbreak, as businesses across the country urged employees to work from home, rents plunged in New York City, San Francisco and other densely-populated cities. | | | | | | Goldman Sachs ranked as the top adviser to companies targeted by activist investors during the first half of 2020 while Morgan Stanley dropped into fourth position as the coronavirus weighed on corporations, new Refinitiv data show. | | | | | | Influential proxy advisory firm Glass Lewis on Monday said it is replacing its head of research and head of sales with two outsiders, marking another shakeup in its top ranks one year after its chief executive officer left. | | | | | | Global investors yanked almost $24 billion out of cash funds in the past week to redirect money into emerging markets, while slowing down on chasing the summer's winners, technology and gold, BofA's weekly fund flow statistics showed on Friday. | | | | | |
