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