Bloomberg July was a brutal month for the Philippine peso and there appears to be little respite on the horizon. After capping its steepest monthly decline in over three years, the currency could extend losses due to a worsening virus outbreak and the risk of a sovereign rating downgrade. It may drop towards 51 per dollar, a level last reached ...

Bloomberg Goldman Sachs Group Inc and Credit Suisse Group AG are joining rivals in bumping pay for junior bankers, following uproar earlier in the year over the work-till-you-drop culture exposed by the pandemic. Goldman Sachs will now pay first-year analysts at least $110,000 up from $85,000, according to people familiar with the matter. Their second-year counterparts will get $125,000 up ...

Bloomberg Banking Circle, a financial technology startup, is seeking to raise new funding at a valuation of around $5.9 billion, according to people with knowledge of the matter. The company, led by Anders la Cour and Laust Bertelsen, is working with advisers to solicit interest from investors for a roughly $500 million funding round, the people said, asking not to ...