Comment & Analysis
UBS Chief: Lessons Learned, But You Can’t Foolproof the System
Sergio Ermotti, chief executive of UBS AG, which has paid billions of dollars for rate rigging scandals, said Thursday his bank had “learned [the lesson] and we are fixing it,” but cautioned against penalizing senior executive for failures with people lower down in the organization. “I am very happy to…
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Click here to read the full story: Wall Street Journal