Chancellor George Osborne has welcomed the Banking Commission's report, calling it "very impressive work".
He wrote on Twitter:
Welcome banking commission report into standards which we called for last year.V impressive work.Will help our plan for stronger safer banks
More top news
Defence saving plans raise "serious doubts" over the Ministry of Defence's ability to pay for new equipment, including warships and planes.
One firefighter has been killed and more than 700 homes destroyed in the 404-square-mile Thomas Fire.
Theresa May has said there is "no place in our politics" for intimidation after Tory Brexit rebel MPs received death threats and abuse.