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Deutsche Bank among lenders probed by US on WhatsApp use

  Bloomberg Deutsche Bank is among a number of investment banks included in a sweeping probe by US regulators to find out how much employees rely on private communication channels such as WhatsApp to conduct business. There’s an “industry-wide” investigation in the US and Deutsche Bank is part of it, legal head Stefan Simon said at the lender’s annual general ...

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Philippine raises key rate for first time since 2018

  Bloomberg The Philippine central bank raised its key interest rate for the first time since 2018 to combat Southeast Asia’s second-fastest inflation. Bangko Sentral ng Pilipinas increased the benchmark rate by 25 basis points to 2.25%, it said in a statement, as forecast by 14 of 21 economists in a Bloomberg survey. The rest saw no change. Philippines joined ...

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Galaxy Digital braces for $300m hit this quarter

  Bloomberg Galaxy Digital Holdings Ltd. is anticipating a loss of $300 million in net comprehensive income this quarter, as uncertainty swirls across the broader cryptosphere. The crypto merchant bank revealed the potential hit in a preliminary update “in light of recent market conditions.” Comprehensive income typically combines both a company’s net income as well as any yet-to-be realised financial ...

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