David Cameron has said he believes bankers should be held personally responsible for incidents such as money-laundering.
Following the announcement that HSBC is to pay £1.2 billion in a money-laundering probe by US authorities, the Prime Minister told the House of Commons Liaison Committee:
It is a very serious offence. We do have quite strict controls in this country in terms of how banking regulation and money-laundering regulation works.
I have always said, with respect to bankers, if they get it wrong, like anybody else, they should feel the full force of the law.
More top news
Some bright conditions this evening as the rain moves away, a quiet night followed by a mostly dry but cloudy day.
TOWIE star Mark Wright has tied the knot with Coronation Street actress Michelle Keegan at a lavish ceremony in Bury St Edmunds.
West Ham United have confirmed Sam Allardyce will not continue as their manager next season.