Executive Moves
UBS Dismisses Traders and Managers Over Libor, Der Sonntag Says
UBS AG has dismissed about two dozen traders and managers in connection with an investigation of manipulation of the London interbank offered rates, Der Sonntag reported. The Swiss bank terminated the traders for possible involvement in a fraudulent ring across several banks and the managers for not exercising controls or…
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Click here to read the full story: Bloomberg Businessweek