Swiss bank UBS AG has suspended U.S.-based veteran currency trader Michael Velardi, one of up to six traders placed on leave this week, pending ongoing international investigations into allegations of collusion and market rigging, a source familiar with the matter said on Friday. Velardi, 52, who joined Swiss Bank Corp […]

Mr. Sanusi says the Council’s report lacked integrity since the FRCN neither gave him fair hearing, nor allowed him the opportunity to respond to the weighty allegations against him. The suspended Central Bank of Nigeria, CBN governor, Lamido Sanusi, on Thursday shunned the much-publicized invitation by the Financial Reporting Council […]

UBS AG suspended foreign-exchange traders in the U.S., Singapore and Switzerland as its investigation into the alleged rigging of currency markets widened, according to a person with knowledge of the matter. They include Onur Sert, an emerging-markets spot trader based in New York, and at least three more worldwide, said […]