Swiss banking giant UBS has been fined £29.7 million by the Financial Services Authority for failings which allowed convicted rogue trader Kweku Adoboli to lose £1.4 billion.
The FSA said procedures, management systems and internal controls at the bank's London branch were "seriously defective".
Adoboli was sentenced to seven years in prison last week after he was convicted of two counts of fraud by abuse of position.
More top news
The Democratic presidential told reporters: 'Anyone who complains about the microphone is not having a good night.'
A young girl made a tearful plea at a Charlotte City Council meeting in the US following the shooting of a black man by a police officer.
Jeremy Corbyn has insisted his policies will persuade enough people to vote Labour at the next election to return the party to power.