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Thursday, 16 February 2012
UBS Suspends Senior Traders
UBS has decided to suspend a number of senior traders as it faces investigations into allegations connected with the manipulation of LIBOR.
It is rumoured that Yvan Docrot, the co-head of UBS’s rates business, and Holger Seger, the global head of short term rates, are among a group of Zurich-based traders to have been suspended.
The investigation now involves 10 national enforcement agencies and has implicated staff at Royal Bank of Scotland, Deutsche Bank, JP Morgan and Citigroup.
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