Bank of Tokyo pays $250m fine

The Bank of Tokyo-Mitsubishi has agreed to pay New York state $250m (£161m) for deleting information from $100bn in wire transfers that authorities could have used to police transactions with sanctioned countries like Iran. Bank of Tokyo-Mitsubishi UFJ moved 28,000 transactions through New York between 2002 and 2007 for countries including Iran and Sudan, says New York governor Andrew Cuomo.