The Swiss Financial Market Supervisory Authority banned six managers and traders formerly associated with UBS’s foreign exchange and precious metals business. Previously FINMA required UBS to disgorge approximately Swiss Franc 135 Million (approximately US $135 million) because of the bank’s alleged attempted manipulation of foreign exchange benchmarks “over an extended period of time” (click here for details). FINMA said these individuals were “directly responsible” for serious breaches in UBS’s business. The individuals’ bans run from one to five years.