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Mitsubishi UFJ Said to Suspend Two London Traders

Two London-based derivatives traders have been suspended by Mitsubishi UFJ Financial Group Inc. (8306.TO, MTU) amid investigations into suspected manipulation of the London and euro interbank offered rates, Bloomberg News reported, citing a person briefed on the matter. The two, Christian Schluep and Paul Robson, have been put on leave, according to Bloomberg. They are former employees of Rabobank, the Dutch bank that is one of at least 12 banks involved in the investigation by regulators of allegations they rigged the rates. Mr. Schluep and Mr. Robson didn't return messages, and Shinya Matsumoto, a spokesman for the Tokyo-based bank, declined to comment on individuals, Bloomberg said. "We remain a member of the panels to which we have significant funding operations," Hendrik Jan Eijpe, a spokesman for Rabobank, told Bloomberg, but it said he declined to comment on the two traders.

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