Bloomberg Law
May 19, 2022, 2:49 PM

Deutsche Bank Among Lenders Probed by US Over WhatsApp Use (1)

Steven Arons
Steven Arons
Bloomberg News

Deutsche Bank AG 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 meeting on Thursday in response to investor questions. The lender is trying out new software to improve its ability to archive messages and has repeatedly warned staff not to delete messages, he said, confirming previous Bloomberg reports.

Use of private communication ...

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