Manipulation suspensions reach salespeople
Staff on leave in New York and London in trading and sales
UBS and Deutsche Bank have suspended yet more people as a result of the continued investigations into alleged FX market manipulation.
The Swiss bank suspended Michael Agaisse, a New York-based executive director in FX trading, while Deutsche Bank has put Kai Lew, an institutional salesperson to central banks, on leave. Lew is the first salesperson to be suspended in relation to the probe.
Lew had been at the German bank since February 2006, and prior to that was at Goldman Sachs for six years.
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