“Opfikon, a Swiss suburb with leafy streets, neat homes and a cluster of concrete office blocks, became an unlikely faultline in the Libor scandal this spring. Just outside Zürich, it is a place where thousands of soberly clad finance professionals put in intense nine-hour days. But this spring, staff at UBS’s offices there started to notice something unusual.
Every few days or so, a trader at the Swiss bank did not show up for work. At first, other staffers were puzzled by their colleagues’ empty desks on the trading floor.”
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Read full FT article here