14
AOL.com
AOL Mail
AOL On
Favorites
VIDEO:News

UBS Admits Banks Too Arrogant

Description:UBS has become the latest victim in the hunt for banking scapegoats. Executives from the Swiss bank were forced to explain themselves to British MPs as part of a look at banking standards. It was set up after to the Libor rate-rigging scandal, which saw UBS fined 1.5 billion dollars. Andrea Orcel took over the company's investment arm in November and admits the industry must clean up its act. (2:03)

Source: Reuters

Tags: reuters

YOU MIGHT ALSO LIKE

MORE FROM THIS SOURCE

More Videos