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Suspension for UBS traders on Libor inquest
A GROUP of senior traders at UBS are the latest to be suspended in connection with a global investigation into whether staff at major US and European banks manipulated Libor, the interbank lending rate which affects $350tn of financial products.
Zurich-based Yvan Ducrot and Holger Seger, who both hold senior positions in UBS’s rates businesses, are two of the Swiss bank’s staff who join suspended traders from RBS, Deutsche Bank and JP Morgan among others.