Banking & Financial Services

Financial sector ETFs recorded the largest outflows among all major sectors in May, even as U.S.-listed ETFs attracted nearly $200 billion in fresh capital and industry assets climbed to a record $15.7 trillion. According to FactSet data, the State Street Financial Sel Sec SPDR ETF (NYSE:XLF), the...

President Donald Trump has signed two executive orders aimed at limiting the access of non-citizens to the U.S. financial system and putting checks on money laundering. The executive order, named “Restoring Integrity to America’s Financial System,” signed on Tuesday, requires...