Bloomberg UBS group predicts an increase in business for its bank’s key wealth division in Asia this year after a difficult period last year and is looking to add talent, its Asia Pacific president said. “I think our wealth management will power away this year, because of what’s happening in China, opening up and creating a more positive outlook ...

  Bloomberg Sri Lanka’s bondholders aren’t living up to their obligations and should cancel debt to allow the country to get out of its economic crisis, a group of international academics said in a letter. Private creditors own almost 40% of the country’s external debt, mostly in the form of International Sovereign Bonds, but higher interest rates mean they receive ...

  Bloomberg Credit Suisse Group AG has lost two more senior private bankers in Hong Kong as attrition woes continue at the Swiss bank, according to people familiar with the matter. Mandy Loo, a managing director for the China market, and Howard Wu, a team leader for Greater China investment consultants, have both left the bank, said the people, asking ...