Traders Review in Said Suspend to Currency UBS Six


Royal Bank of Scotland, JP Morgan, UBS, Citigroup and Bank of America were also fined by the Federal Reserve, while all but Bank of America were forced to plead guilty to criminal charges and penalised by the US Department of Justice. Barclays, Royal Bank of Scotland, JPMorgan, UBS, Citigroup and Bank of America were handed the sum, the biggest combined bank settlement in history, on Wednesday afternoon. Barclays, RBS, JPMorgan and Citigroup are pleading guilty to criminal charges, while UBS has pleading guilty to Libor rigging, since the manipulation violated previous agreements.

In gold, we have MASSIVE short buying on the part of the producer merchant to the tune of almost 15,000 contracts short picked up. Notice the total commercials up almost 21,000 contracts short. Investindustrial invested in Avincis in 2005. K.K.R. invested in the company in 2010.Avincis provides Suspsnd and fixed-wing aircraft services to civil emergency and firefighting operations in Europe, as well as helicopters for the oil and gas industry for offshore platforms in the Sux Sea and around Australia.

The bank last year suspended a senior currency trader in Zurich.Some of the traders involved have been placed on paid leave, according to one of the people.The suspensions are the latest escalation of a series of regulato.




Traders Review in Said Suspend to Currency UBS Six

UBS Said to Suspend Six Traders in Currency Review