Zurich - The Swiss banking giant UBS was preventing some 1,000 of its wealth management personnel from leaving the country owing to legal concerns, local media reported Sunday.
Those advisers can longer visit their clients abroad and if a meeting is needed, it would have to take place in Switzerland.
Spokespersons for the bank said travel abroad to meet clients in the cross-border wealth management division had been suspended.
Bern, Switzerland - E-mail, internet bill paying and other electric substitutes had already been hitting the world's postal services hard when the global economic crisis struck, leading individuals and companies to cut back anywhere they could including in the mail.
"Some of our largest mailers are in financial services, catalogue sales, manufacturers," said Lea Emerson, the head of the international division at the United States Postal Service (USPS). "Those are some of the ones hardest hit by crisis, and they are mailing much less."
Zurich - The embattled Swiss banking giant UBS completed Friday the transfer of its toxic assets to the Swiss National Bank. The bank would take a
300-million-dollar charge in the first quarter for the transfer.
The new transfer of 22.2 billion dollars of securities, loans and derivatives would give the stabilization fund, set up by the central bank as part of a bailout for UBS, a total volume of assets of 38.7 billion dollars.
Geneva - The former chief prosecutor of the international courts for Yugoslavia and Rwanda, Richard Goldstone, is to head a fact finding mission to investigate human rights violations in the Gaza Strip, the United Nations announced Friday .
Other members of the mission, to look into violations during the recent Israeli offensive in the coastal enclave, will include Hina Jilani, a Pakistani jurist and former envoy of the UN's secretary general for human rights defenders and Christine Chinkin, a professor of international law at the University of London.
Lausanne, Switzerland - A German equestrian team rider whose horse was tested positive for a banned substance at the Beijing Olympics has had his ban increased from four to eight months by the Court of Arbitration for Sport.
The Lausanne-based CAS upheld an appeal by the German equestrian federation to increase the suspension on Christian Ahlmann after the international equestrian federation FEI had banned the rider for four months.
Ahlmann had appealed for the ban to be reduced to three months.
Bern, Switzerland - The global postal sector has been hit by the economic crisis but the downturn also has financial benefits, the Universal Postal Union said Thursday.
The crisis was most advantageous for post offices that were able to offer financial services.
"Some European operators, such as Swiss Post and Deutsche Post, are experiencing annual growth rates above 50 per cent in the number of postal deposits and savings accounts opened in 2008," the UPU said, noting that a similar phenomenon occurred during the Great Depression.
Zurich - The Swiss banking giant UBS was preventing some 1,000 of its wealth management personnel from leaving the country owing to legal concerns, local media reported Sunday.
Bern, Switzerland - E-mail, internet bill paying and other electric substitutes had already been hitting the world's postal services hard when the global economic crisis struck, leading individuals and companies to cut back anywhere they could including in the mail.
Zurich - The embattled Swiss banking giant UBS completed Friday the transfer of its toxic assets to the Swiss National Bank. The bank would take a 
Geneva - The former chief prosecutor of the international courts for Yugoslavia and Rwanda, Richard Goldstone, is to head a fact finding mission to investigate human rights violations in the Gaza Strip, the United Nations announced Friday .
Lausanne, Switzerland - A German equestrian team rider whose horse was tested positive for a banned substance at the Beijing Olympics has had his ban increased from four to eight months by the Court of Arbitration for Sport.
Bern, Switzerland - The global postal sector has been hit by the economic crisis but the downturn also has financial benefits, the Universal Postal Union said Thursday.
