Investment bank Lehman Brothers has suspended two London equities traders after identifying 'issues' with some of their trades, a spokesman for the bank said.
The spokesman said 'normal internal controls' had identified the issues, adding that the sums involved were 'not material'.
Just over a month ago French bank Société Générale revealed €4.9 billion of rogue trading losses which it blamed on a single trader, Jerome Kerviel. The losses have made the Paris-based bank a potential takeover target.
Zurich-based rival Credit Suisse last month suspended some traders after finding pricing errors on its books. Credit Suisse at the time said it appeared the suspended traders had been slow to adjust the value of their portfolios to to fast-moving developments in volatile markets.
