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.
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It will be increasingly humid and thundery with highs of 30C or more today.
Holidaymakers in Tunisia are determined not to be beaten. But, as Neil Connery writes, it won't be easy to escape the shock of the massacre.
Drink lots of water, stay out of the sun during the middle of the day, and take particular care of vulnerable people.