Ex-UBS CEO Rohner says "shocked, ashamed" at Libor rigging
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Ex-UBS CEO Rohner says "shocked, ashamed" at Libor rigging

www.reuters.com   | 10.01.2013.

LONDON (Reuters) - UBS's former boss Marcel Rohner said he was "shocked" and "ashamed" when he heard about the Swiss bank's rigging of Libor interest rates, he told UK lawmakers on Thursday.
Ex-UBS CEO Rohner says

"I was shocked when I read about it ... I felt embarrassed and ashamed," Rohner said as UBS's former bosses were quizzed by Britain's Parliamentary Commission on Banking Standards following a string of scandals.

UBS was fined a record $1.5 billion last month for manipulating Libor interest rates, the latest in a run of scandals including a $2.3 billion rogue-trading loss and a damaging tax avoidance row with the United States.

(Reporting by Steve Slater; Editing by Carmel Crimmins)


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