Former UBS boss: “I felt embarrassed and ashamed”

Business quote of the day.

“I felt embarrassed and ashamed”

UBS's former boss Marcel Rohner tells the Parliamentary Commission on Banking Standards he was “shocked” when he heard about the Swiss bank’s Libor-rigging. UBS was fined a record $1.5bn last month for manipulating interbank rates.

UBS's former boss Marcel Rohner. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

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The NS Podcast #112: Going Underground

Are women-only carriages the way forward?

This week, we explain why we're backing Tessa Jowell as Labour's candidate for London mayor, talk women-only carriages on the tube, and speak to Tom Shone about Woody Allen. (Caroline Crampton, Barbara Speed, John Elledge, Stephen Bush, George Eaton).

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