The two are accused of conspiracy to defraud and follow on from the UK’s first prosecution in the Libor rigging scandal last month.
The arrests are the latest in the affair which has seen a number of international banks implicated in rigging the rates with Barclays the first to face huge fines.
The Global Legal Post reported in June that former UBS and Citigroup trader Tom Hayes was prosecuted by the Serious Fraud office (SFO) for his alleged involvement in rigging the London interbank lending rate.
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