Reuters reports that BTMU, a core commercial banking unit of Mitsubishi UFJ, Japan's largest lender, said the suspension was not related to work done for the Japanese bank.
Both of the traders worked at Dutch lender Rabobank before joining Bank of Tokyo-Mitsubishi UFJ, said a source, who was not authorized to discuss the matter publicly.
In the meantime, the news organisation also reports that Nomura was excluded as underwriter from two bond issues planned by a government-owned housing agency on Monday, marking at least the fifth issuer to drop Japan's top broker from a deal in the wake of an insider trading scandal.
The Japan Housing Finance Agency said on Monday that it had decided not to employ Nomura as underwriter on its planned issue of a 30-year straight bond and a mortgage-backed security, citing 'various reasons'.
The announcement brings to at least five the number of issuers that have dropped Nomura as an underwriter in the wake of the scandal, including planned fund-raisings by the state-backed Development Bank of Japan, Resona Holdings, Kansai Electric Power and the government in its planned sale of Japan Tobacco shares.
The Alchemists: Three Central Bankers and a World on Fire
Hubris: How HBOS Wrecked the Best Bank in Britain
