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The Financial Services Authority (FSA) has heavily criticised investment banks for failing to maintain the right anti-bribery and corruption data, or implement decent preventative systems. The regulator said it was ready to act on those banks that did not comply with the rules, and that some firms could already be in line for penalties. It also issued fresh guidance to the entire financial services industry

Investment bank JP Morgan in London has been given a record fine of 33.3 million pounds ($48.2 million) by Britain's Financial Services Authority (FSA)for failing to protect clients' money, the City regulator said Thursday.

Warnings have been issued against slush ice drinks by medical researchers, saying that poor transparency around slush ice drink glycerol concentration makes estimating a safe dose tricky. Public health advice on the safe consumption of glycerol-containing slush ice drinks, also known as slushees, may need revising, stated medical researchers after carrying out a detailed review of the medical notes of 21 children who became acutely unwell shortly after drinking one of these products. Brightly coloured slush ice drinks are designed to appeal to children, note the researchers. Slush machines are becoming a common fixture in convenience stores as retailers are increasingly recognising the potential for increased foot traffic and profits. The findings, published in the journal Archives of Disease in Childhood, show that in each case the child became acutely unwell with a cluster of symptoms soon after drinking a slush ice drink, which the researchers refer to as glycerol intoxication syndrome.