Companies sometimes debate whether they should develop and bring to market products that are flashy and alluring

We have a demonstrated ability to grow in different starting positions and markets

Luxury market of mainland China 1 is forecasted to grow by 23% 25% in 2021, driven by a combination of multiple factors

G4 central bank policy rates and market expectations

Most see opportunities in the nature of change ahead (digital, new tech, gen Z)

Litigation update In € bn, period end

Data Era & AI Hyperpersonalisation

Higher non-interest income was a major contributor to total operating income uptick

UK equity valuations