UBS suspends four more traders in forex probe: report

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UBS AG has suspended four more of its traders in the wake of a global investigation into collusion and manipulation by big dealers in the foreign exchange market, Bloomberg News reported on Wednesday. By Emily Flitter and Jamie McGeever NEW YORK/LONDON (Reuters) - Swiss bank UBS AG has suspended U.S.-based veteran currency trader Michael Velardi, one of up to six traders placed on leave this ... UBS has suspended six more foreign exchange traders across the globe, as the Swiss bank’s internal probe into alleged rigging of crucial currency benchmarks gains further traction. Discover Thomson Reuters. Financial Government Solutions Legal Reuters News Agency Risk Management Solutions Tax & Accounting Blog: Answers On Innovation @ Thomson Reuters NEW YORK/LONDON (Reuters) - UBS AG (VTX:UBSN) has suspended four more of its traders in the wake of a global investigation into collusion and manipulation by big dealers in the foreign exchange market, Bloomberg News reported on Wednesday. According to the report, Onur Sert, an emerging markets trader in New York, was among the four the investment bank suspended. UBS AG <UBSN.VX> has suspended a spot trader on its New York foreign exchange desk, a source familiar with the investigation said on Friday amid an ongoing international probe of big forex dealers ... The source said up to six UBS traders, including Velardi, had been suspended this week around the world as the Swiss bank tries to stay ahead of the wide-ranging probe. UBS is the world's fourth-biggest currency trader, according to the latest Euromoney poll, seeing just over 10 percent of the $5.3 trillion that flows through the global market on an average day. NEW YORK/LONDON (Reuters) - UBS AG has suspended four more of its traders in the wake of a global investigation into collusion and manipulation by big dealers in the foreign exchange market, Bloomberg News reported on Wednesday. According to the report, Onur Sert, an emerging markets trader in New York Swiss bank UBS AG has suspended U.S.-based veteran currency trader Michael Velardi, one of up to six traders placed on leave this week, pending ongoing international investigations into ... NEW YORK/LONDON (Reuters) - UBS AG has suspended four more of its traders in the wake of a global investigation into collusion and manipulation by big dealers in the foreign exchange market ...

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Kai Whitney ex Bear Stearns, UBS Prop trader tells the truth about the markets

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