Bloomberg DBS Private Bank started Asia’s first bank-backed trust solution for cryptocurrencies as demand for digital assets increases. The offering will allow private banking clients to invest, custodise and manage these assets in a safe, secure, and structured manner, DBS group Holdings said in a statement. It builds on the DBS Digital Exchange, which launched in December, and offers institutional …

Bloomberg Chile’s central bank held its benchmark interest rate at a record low and said borrowing costs would stay at that level as long as needed for the economic recovery to strengthen. The bank board, led by its President Mario Marcel, kept the overnight rate at 0.5%. In an accompanying statement, policy makers wrote that economic prospects have improved. “The …

Bloomberg Banks are lobbying the European Central Bank (ECB) to extend temporary capital relief granted during the pandemic to keep credit flowing to fragile economies, according to people familiar with the matter. Lenders on the continent have been pressing officials to be allowed to keep excluding deposits held at central banks when calculating their leverage ratio. The exemption, set to …