U.K. prosecutors are poised to arrest former traders and ratesetters at UBS AG, Royal Bank of Scotland Group Plc and BarclaysPlc within a month for questioning over their role in the Liborscandal, a person with knowledge of the probe said.
The arrests will be made by police under the direction ofprosecutors at the Serious Fraud Office within the next month, saidthe person, who declined to be identified because the matter isn'tpublic. Arrests in the U.K. are made at an early stage of theinvestigation, allowing police and prosecutors to question peopleunder caution and may not lead to charges.
The SFO has 40 people working on the probe into manipulation ofthe London interbank bank offered rate, a benchmark for financialproducts valued at $360 trillion worldwide, and has involved theCity of London Police, said David Green, the agency's director.
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