U.S. will seek extradition of two former UBS traders

WASHINGTON Wed Dec 19, 2012 11:04pm IST

An employee walks past a logo of Swiss bank UBS in Zurich December 19, 2012. REUTERS/Michael Buholzer

An employee walks past a logo of Swiss bank UBS in Zurich December 19, 2012.

Credit: Reuters/Michael Buholzer

Related Topics

Stocks

   

WASHINGTON (Reuters) - The United States will seek the extradition of two former senior UBS (UBSN.VX)(UBS.N) traders criminally charged as part of a probe into the bank's rigging of the Libor interest rate benchmark, a top U.S. official said.

"We're going to seek their extradition and our investigation continues," Lanny Breuer, assistant attorney general for the criminal division at the U.S. Justice Department, told a news conference on Wednesday.

The criminal complaints are against former traders Tom Hayes and Roger Darin.

"We believe that one of them is in England. The other one is in Switzerland," Breuer said.

"Mr. Hayes obviously was a very, very major trader, and we're going to continue to move forward."

(Reporting by Douwe Miedema; Editing by Jeffrey Benkoe)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Drug Pricing

REUTERS SHOWCASE

 G20 Meet

G20 Meet

As G20 chases growth goal, members differ on how to get there   Full Article 

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Alibaba Listing

Alibaba Listing

Alibaba surges on massive demand in trading debut  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Apple Not Cool?

Apple Not Cool?

Some consumers say Apple is losing its "cool" factor  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage