Singapore traders in trouble

UBS and RBS have suspended traders in Singapore, says Bloomberg.

The report said, “UBS AG and Royal Bank of Scotland Group Plc suspended more than three traders in Singapore as regulators investigating Libor-rigging turn their attention to the rates used to set prices on foreign exchange derivatives.”

Regulators worldwide are broadening their probes’ scope beyond interbank offered rates to encompass more benchmarks, according to the report.

View the report here.

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