Bloomberg
@businessThe strong demand for UBS's sale of additional tier 1 bonds is a positive sign for market confidence in the bank and the Swiss financial system, according to CEO Sergio Ermotti https://t.co/H3FQlSR4FC #NewEconomyForum
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Chinese firms are diversifying outside of China, noted HSBC CEO. Deutsche Bank is increasing its bets in Asia as clients seek alternatives to Wall Street. UBS's strong demand for additional tier 1 bonds is seen as a positive sign for market confidence, according to CEO Sergio Ermotti. Additionally, HSBC plans to build a large personal banking business in India, as stated by the country CEO.