UBS suspends traders amid Libor 'manipulation' probe

[Tenofovir]

Swiss bank UBS has suspended some of its traders in connection with a growing scandal over the alleged manipulation of rates which determine how much we pay for loans and mortgages.

An unspecified number of traders at UBS were suspended last year and another group followed in late January, according to reports.

This is the latest twist in an international probe which has been dragging on for over a year.

The Financial Services Authority is investigating the matter with the US Securities and Exchange Commission, the Swiss Competition Commission and regulators in Japan.

Read more: thisismoney.co.uk/money/news/article-2102626/Interest-rate-fixing-Traders-suspended-growing-Libor-manipulation-scandal.html#ixzz1nDsN9YfI