Ex-UBS Trader Barred From Banking for Currency Rigging

Updated on
  • Gardiner said to help build criminal cases against traders
  • Penalty imposed by Fed is first against a trader in probe

Why the Fed Banned Former UBS Trader Matthew Gardiner

The U.S. Federal Reserve banned former UBS Group AG trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.

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