UPDATE: UBS Employees Not Escorted Out By Feds, Conduct Under “Internal Review”

ubs doors

UPDATE 2:30 PM: The UBS employees were escorted out by UBS, not by the FBI, according to Dealbreaker.

The reason: “an internal review into their conduct.”

FBI agents escorted four UBS employees out of the Stamford office on Tuesday, according to Dealbreaker.

The only details:

  • They “worked in operations and were responsible for securities movements and payments.”
  • A “major meeting was held yesterday with senior MD’s to asses the damage.”

May or may not be related: UBS is being investigated for possible manipulation of the LIBOR.

We’re looking into what happened. Email us if you know anything.