[01:36.22]Financial regulators in the United States and Britain have fined the American bank JP Morgan $920m over losses made by a trader known as the London Whale.
[01:47.52]The bank lost more than $6bn as a result of the trades.
[01:51.44]Emma Simpson reports.
[01:53.34]“The fines are huge and the findings damning for this Wall Street giant, the losses of those through what the financial conduct authority described as a high risk trading strategy.
[02:05.23]The bets were made by Bruno Iksil, a trader in the bank's chief investment office in London, so huge were these bets, he became known as the London Whale.
[02:14.87]JP Morgan said it had accepted responsibility for its mistakes and was working to ensure they would never happen again.”
[02:22.37]A commission of inquiry into the police killing of 34 workers at a platinum mine in South Africa has accused the police of lying about the incident.
[02:32.54]The commission said police had hidden some documents, falsified others and given a false version of the events.
[02:38.95]It said it had thousands more documents to examine and will postpone the inquiry for several days.
[02:44.46]The BBC Africa correspondent says it's an extraordinary attack on the credibility of the South African police.
[02:51.62]The commission was set out following the killings of the striking miners in August last year.