Tim Dawson

UBS Fined $1.5 Billion by Regulators for Rigging Libor

UBS AG, Switzerland’s biggest bank, must pay about 1.4 billion Swiss francs ($1.5 billion) to U.S., U.K. and Swiss regulators for trying to rig global interest rates, triple the penalties levied against Barclays Plc.

Swiss Re Unit to Acquire Life Insurance Policies in U.K.

Swiss Re Ltd. , the world’s second- biggest reinsurer, said it will buy about 300,000 U.K. policies with assets of 1.6 billion pounds ($2.6 billion) from American Life Insurance Co.

Vontobel Climbs as Profits Surprise After Client Inflows

Vontobel Holding AG, a Swiss bank and brokerage specializing in derivatives, surged in Zurich trading after first-half profit beat expectations and clients added new funds.

Vontobel Slumps as It Cuts Dividend, Profit Drops: Zurich Mover

Vontobel Holding AG, the Swiss bank and brokerage that specializes in derivatives, fell the most in more than three years in Zurich trading as profit declined and it cut its dividend for the first time since 2009.

Swiss Re Considers Buybacks, Dividends After Repaying Buffett

Swiss Reinsurance Co. , which posted record losses in 2008, is considering share buybacks and dividend payouts after agreeing to repay a lifeline extended by Warren Buffett .

Swiss Re Excess Capital Climbs, Improving Prospects for Repaying Buffett

Swiss Reinsurance Co. , the world’s second-biggest reinsurer, said excess capital grew by a third, raising the prospects for a share buyback after Warren Buffett is repaid.

European Insurers Escape Costs From Iceland Volcano Air Travel Disruption

For Munich Re, Swiss Reinsurance Co. and Lloyd’s of London, the volcanic eruption in Iceland that halted European air travel will be one natural disaster they won’t have to pay for.

Swiss Re Jumps After Agreeing to Early Repayment of Buffett

Swiss Reinsurance Co. , the world’s second-largest reinsurer, rose the most in almost six months in Zurich trading after quarterly profit doubled and it agreed to repay the capital injected last year by Warren Buffett .

Swiss Life Sees Challenging Market Conditions as Second-Half Profit Drops

Swiss Life Holding AG, Switzerland’s biggest life insurer, expects market conditions to remain “challenging” after second-half profit declined by 30 percent.

Greek Creditor Committee Is Said to Work With Blackstone Group, Law Firms

A steering committee representing global banks and insurers is close to hiring Blackstone Group LP and two law firms to advise it on debt-swap talks with Greece, according to two people familiar with the matter.

"Developments arising from past misdemeanors can only enhance the sense of relief that UBS is turning its back on such risky areas and focusing on what it does best."

- Tim Dawson on Dec 18, 2012

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Kuroda Struggles With Communication as Japan Rates Rise: Economy

European Stocks Climb as Yen Strengthens on Kuroda; Copper Rises

Topix Two-Day Slump Near 10% After Kuroda Comments

Japan $314 Billion Rout Tests Topix Bulls Who Pushed Gain

Asian Stocks Benchmark Index Swings; Australia Banks Drop