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Archive for Thu, 30 Jun 2011

UBS buys ING's Australia investment bank

UBS buys ING's Australia investment bank

Banking giant UBS said on Thursday it had acquired Dutch bank ING's Australian investment banking unit for an undisclosed sum, a move which would help boost the Swiss bank's presence in the region.

Swiss face surging insurance premiums

Swiss residents are likely to see surging life and health insurance premiums, according to new study by accounting firm Ernst & Young.

Heavy rains cause floods in central regions

Heavy rains cause floods in central regions

Heavy rains hit central Switzerland overnight, flooding roads and basements, causing power outages and forcing the evacuation of several homes.