The UBS penalty is the second-largest fine paid by a bank and comes a week after HSBC agreed to pay the biggest of £1.1 billion to settle an investigation in the US into laundering money for drug cartels.
We deeply regret this inappropriate and unethical behaviour. No amount of profit is more important than the reputation of this firm, and we are committed to doing business with integrity.
More top news
The suspect, described as white and around 5' 6'' tall, escaped in a grey Volkswagen car.
Donald Trump has slammed Alec Baldwin's latest impression of him as "unwatchable" and "sad".
The early risers will notice a touch of frost and pockets of fog first thing.