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Billion take over of formula one and remove Bernie Ecclestone as Chief Executive, ending his a0 year reign in charge of the sport. A surge in cyber crime pushed the cost of fraud above £1 billion last year. And its getting worse despite attempts to tackle it. Im looking at why and what more needs to be done. And were going to be talking about the happiest children in the world. Studies suggest they live in the netherlands. But what makes them so happy . Well meet two mums now living there whove been trying to find out. Carol is always happy and she has got the weather. Good morning. Across en...

Citigroup Fined by U.K. Watchdogs Over $1.4 Billion Trading Error A Citigroup subsidiary was fined $78 million by two U.K. regulators after failings in the group's systems and controls led to...

OPENING CALL Stock futures drifted lower and bond yields rose on Wednesday as investors eyed minutes from the Federal Reserve's May meeting and higher-than-expected U.K. inflation reminded the...

Explain that loss to anyone? or will the government sort of be all by themselves out there today. >> reporter: thr-s hearing it's all government with folks from the federal government, the federal reserve. the federal consumer protection bureau. they will all be testifying today. a week from today, next weeks, jpmorgan's cep jaime diamond will be receiving. they are saying today that government regular hraeurts are working with jp morgan to figure out how to manage and derisk the huge portfolio that caused one of the nation's biggest banks $2 billion. martha: by most accounts it was a trading ...

Taking irresponsible on the part of some on wall street who treated our financial system like a casino. recently we've seen why we can't let that happen. we found out that a big mistake at one of our biggest banks resulted in a 2 billion dollar loss. we can't afford to go back to that brand of you're on your own economics. not after the american people have worked so hard to come back from this crisis. >> let me just frame this. now, here is the question. jp morgan did lose a lot of money, their own money. no tea party dollars, it was essentially a 1% error, a trading error, know the a lot of ...