Mitsubishi UFJ Suspends Two London Traders on Libor Probe

Mitsubishi UFJ Financial Group Inc., Japan’s biggest publicly traded bank, said it suspended two London-based traders as investigators probe the suspected manipulation of benchmark interest rates.

The suspension isn’t related to their work at the Japanese bank, Hironori Imafuku, a Tokyo-based spokesman, said by telephone today. Lending unit Bank of Tokyo-Mitsubishi UFJ Ltd. asked the employees to stand by at home, he said.