UBS suspends six more currency traders

|About: UBS Group AG (UBS)|By:, SA News Editor

Wanted: Foreign exchange traders. The floor is getting thin at UBS, where the bank just suspended six more FX traders amid its own internal investigation of misdeeds. Three of the traders were in NYC, two in Zurich, and one in Singapore. UBS is the fourth largest forex trader by volume and - as was the case with Libor - has been ahead of the curve on talking action compared to other banks.

UBS' probe earlier this month was expanded from the currency desk to the precious metals business.