Top UBS banker says future scandals still a risk

LONDON Wed Jan 9, 2013 7:21am EST

LONDON (Reuters) - The head of UBS's investment bank told a UK parliamentary committee on Wednesday that the bank was still at risk of future scandals despite the changes it has implemented in the aftermath of the Libor rate-rigging controversy.

"I would love to tell you it won't happen again, but I can't tell you it won't happen again," Andrea Orcel said.

(Reporting by Carmel Crimmins; Editing by Greg Mahlich)

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