Calpers Moves to Enhance Control of Investment Oversight

The overseers of the largest U.S. public pension system agreed late Wednesday to take a direct role in managing the retirement plan's chief investment officer. 


 
Bank of England Holds Rates Steady

The Bank of England kept policy on hold and signaled that it is prepared to take further action to support the U.K. economy if rising coronavirus cases undermine recovery. 


 
MetLife to Buy Versant Health for $1.7 Billion

The insurance company said the deal would turn it into the third biggest vision insurer in the U.S. and further a diversification push. 


 
Human-Resources Provider Reviews DCP Capital Bid

51job said it is reviewing a proposal from private-equity firm DCP Capital Partners to acquire the company for $79.05 a share in cash, or about $5.3 billion based on shares outstanding. 


 
A Million Mortgage Borrowers Fall Through Safety Net

Some homeowners don't know they qualify for a coronavirus relief program that allows them to delay home-loan payments, potentially leaving them vulnerable to foreclosure and eviction. 


 
Lacking Tools, Fed Pins Hopes on Powerful Words

Federal Reserve Chairman Jerome Powell used the word "powerful" 10 times in a press conference as the central bank hopes its words will persuade investors. 


 
Lawmakers Tangle Over Fed's Muni-Market Rescue

The Fed stood ready to back the municipal market as a lender of last resort during the pandemic. So far, only two borrowers have tapped the facility for funding. 


 
Bond Investors Regain Appetite for Emerging Markets

The collapse of bond yields in the developed world is driving investors back into battered emerging markets, fueling gains despite a series of high-profile defaults and concerns about the pandemic's blow to fragile economies. 


 
Car Loans Dodge Distress for Now

Auto credit measures at big banks are holding up during the pandemic even as stimulus measures fade. Still, the all-clear signal for borrowers and lenders hasn't yet sounded. 


 
Latam Airlines Cuts In Hedge Fund on $2.45 Billion Bankruptcy Loan

Latin America's largest airline has revised its $2.45 billion bankruptcy financing arrangement, allowing Knighthead Capital Management to supply some of the loans the carrier needs to stay aloft amid the pandemic.