America’s biggest bank is expected to accept the resignation of one of the highest-ranking women on Wall Street after it lost $2bn in a trading blunder, a person familiar with the matter said.

Illinois governor Rod Blagojevich was impeached by furious colleagues who said he had turned state government into a “freak show”.

TEXAS’ state House has approved a bill to restrict “overtly sexually suggestive” cheerleading to more ladylike performances.