BOSTON (Reuters) - 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. BlackRock of New York said in a report on Tuesday that it voted against management at 53 companies worldwide, most of them energy companies, for "lack of progress" on climate concerns during the 2020 proxy season, and warned another...

BOSTON (Reuters) - Northern Trust Corp's decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending on how the economy fares. Money has rushed back into prime funds since the sector suffered major withdrawals in March, according to figures from researcher Peter Crane. Total prime fund assets stand at $1.1 trillion, with less than $1 billion of net customer withdrawals for the...

BOSTON/NEW YORK (Reuters) - Influential proxy adviser Institutional Shareholder Services has recommended investors cast advisory votes against the pay of top Goldman Sachs Group Inc leaders, putting millions of dollars of compensation under scrutiny at a time when the COVID-19 pandemic has led to soaring unemployment. In a report dated April 9 and provided on Thursday in response to a request from Reuters, ISS wrote it had "pay-for-performance misalignment concerns" regarding Goldman leaders...