The White House says the huge trading losses suffered by America's largest investment bank, JPMorgan, reinforce the need for greater oversight of the activities of Wall Street. The bank admitted the $2bn loss last week on trades in complex investments. Today it confirmed that the senior executive involved in the losses is to resign.

The Chief Prosecutor of the International Criminal Court, Luis Moreno Ocampo, says he's seeking arrest warrants for two rebel commanders in the Democratic Republic of Congo who are accused of war crimes. He said he wanted to add more charges to a warrant already out for the renegade general Bosco Ntaganda. The other is for Sylvestre Mudacumura.

Tens of thousands of Manchester City football fans have watched a victory parade for their team, which snatched the English Premier League title on Sunday from their famous rivals Manchester United. Andy Swiss was there.

They packed the streets of the city, decked in blue and white, to cheer on their new heroes. The players led by manager Roberto Mancini waved from the top of a sky-blue bus, brandishing the Premier League trophy – their first top-division title for 44 years. Since then, they've had to watch their Manchester rivals United parade, a selection of trophies through the streets. After years of heartache, this has been the very sweetest of celebrations. A report from Manchester by Andy Swiss.

This is the World News from the BBC.