UBS suspends FX traders in New York, Zurich and Singapore
Six more foreign exchange traders have been suspended by UBS, as first reported by Bloomberg.
The move comes amid Switzerland’s largest bank’s internal investigation into alleged manipulation of key currency benchmarks.
Three traders were in New York, two in Zurich and one in Singapore, according to two sources cited by the FT.
One source reportedly said that some of the staff weren’t suspended but just placed on paid leave.
UBS has not yet commented on the suspensions.