Two former UBS traders charged in Libor probe

Two former traders at UBS were charged in the US on Wednesday with conspiring to manipulate a key global interest rate, as officials around the world reached a $1.5bn settlement with the bank.

Two former traders at UBS were charged in the US on Wednesday with conspiring to manipulate a key global interest rate, as officials around the world reached a $1.5bn settlement with the bank.

The former traders, Tom Alexander William Hayes, 33 years old, who lives in England, and Roger Darin, 41, a resident of Switzerland, were both charged with conspiracy, the Justice Department said.

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