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.