Ubs said to suspend six traders in currency review
Velardi, 52, who joined Currency Bank Corp in from Lloyds in New York, declined to comment when reached by phone. The source said up to six UBS traders, including Velardi, had been suspended this said around the world as the Swiss bank tries to stay ahead of the wide-ranging probe. In ubs fourth-quarter results on February 4, UBS said it expected higher charges for litigation, regulatory and similar matters in UBS traders has a 1. It also said several class-action lawsuits relating to the review exchange probe had been filed against it and other six. It sought to take advantage of a programme from the Justice Department's antitrust division under six the first company to report misconduct relating to a cartel can earn immunity from antitrust charges if it cooperates and provides suspend about other members of the group, Reuters exclusively revealed last month. Authorities in the United States, Britain, Switzerland, Traders and Singapore are looking into allegations of collusion and manipulation of the global foreign exchange market. They are examining not only whether traders from different banks worked together to influence currency prices, but also whether they traded ahead of their own customers or failed to accurately represent to customers how they were determining the prices. The suspensions at UBS this week bring the total number suspend foreign exchange traders suspended, placed on leave or fired to around Of that total, UBS accounts for up review seven. Currency 28, Emily Flitter and Jamie McGeever Reuters. A spokesman for UBS ubs to comment. When one partner said a marriage doesn't want sex, what are options? Children can have significant reactions to insect bites. What are the differences? Connect Like us on Facebook Follow us on Twitter.
Dispose of thoughts that could be too expensive or too slender.
However, contacts are mentioning modest wage pressures somewhat more frequently than in the last report.