The five-year performance quoted above (like the ones in the tables beginning on page 136) is a time-weighted return, measuring results for a hypothetical investor who put in a sum at the beginning and stood pat.

FORBES: The fortunes of an aggressive growth fund in a bear market.

Regulators in Switzerland have introduced a new capital regime for UBS and Credit Suisse, the country's two biggest banks, which restricts their total leverage as well as measuring their risk-weighted assets.

ECONOMIST: Globalisation under strain: Homeward bound | The