Ex-UBS bosses deny Libor knowledge

Four ex-bosses at UBS claim they had no knowledge of the Libor manipulation during their time at the firm, and said they didn’t even know the bank was under scrutiny until the news hit the papers well after they left, reports the Financial Times.

Former chief executive Marcel Rohner “and three former heads of investment banking at UBS also insisted that they did not recall media articles in 2007 and 2008 calling into question UBS’s Libor submissions. ‘I’m struggling to see how something on this scale was somehow off the radar,’ said Baroness Kramer,” member of the UK parliamentary commission investigating the matter.

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