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Former UBS boss: “I felt embarrassed and ashamed”

Business quote of the day.

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

“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.