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ADVISORY-UBS Singapore traders story withdrawn

Thursday, 25 Oct 2012 | 3:59 AM ET

Please be advised that a story saying UBS AG has suspended two traders in Singapore for possible manipulation of interbank lending rates is wrong and has been withdrawn. One of the traders named, Jeffrey Tay, said he had not been suspended but had resigned. The second, Prakant Sood, said that he is employed by the bank and has never been involved in U.S. dollar Libor trading, or trading for any other interbank lending at UBS. He did not comment on whether he had been suspended.

STORYtNUMBER: L3E8LG35A STORYtDATE: 24/10/2012 STORYtTIME: 1240 GMT

No replacement story will be issued.