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Bank of NY Mellon hiring in Europe

Bank of New York Mellon, which oversees about $30.6 trillion in assets, is hiring in Europe as it bulks up its exchange-traded funds business to tap into increasing investor demand for cheaper passive products.

Pimco ETF outflows doubled ahead of SEC warning

Investors pulled over $150 million from Pimco's Total Return exchange traded fund in the months leading up to this week's Securities Exchange Commission (SEC) warning of the threat of legal action, new data shows.



Securities and Exchange Commission Building

SEC rejects bitcoin ETFs

The latest rejection involves two ETFs filed by ProShares that would track bitcoin futures contracts, another from GraniteShares, and five leveraged and inverse ETFs from Direxion.