Deutsche Bank AND Morgan Stanley walk away from scandal-hit ENRC as crisis escalates

Tense: It is said that corruption allegations at ENRC have driven a wedge between the founders and board members

The shock resignations come less than a month after the Serious Fraud Office announced that it had begun a probe into allegations of corruption at the miner. The investigation was launched two days after the resignation of chairman Mehmet Dalman, who was brought in to clean up the firm’s reputation.

Barratt builds up hope of economic recovery after government housing scheme helps to boost its business

Unsure: Critics argues that Help-To-Buy is a 'short-term political fix'

The housebuilder reported a sharp rise in business since New Year – particularly following the launch of the Government’s Help to Buy scheme.

Is UK economy now out of the woods? Leading think tank forecasts growth of 0.8% for the last three months

Graph showing how the current economic downturn compares to the previous five recessions (Source: NIESR)

The boost to the outlook for gross domestic product follows official figures that showed growth of 0.3 per cent in the three months to the end of March.

All change at RBS including loss of director as Citizen sell-off looms

Departure: Ellen Alemany (pictured), CEO of Citizens Financial Group, is retiring

Royal Bank of Scotland is losing its most senior female director as the taxpayer-owned bank reshapes to sell of part of US arm Citizens.

Aviva takes a beating from investors as executive wages are vetoed

Tough audience: A shareholder rebellion at last year¿s meeting led to a boardroom clear-out, including CEO Andrew Moss

The vote saw 13 per cent of investors fail to back the insurer’s boardroom pay, in a poor year for the business which saw it lose £3.1billion after tax.

BT throws down gauntlet to Sky with offer of free sport to broadband punters - but what do you get and is it a good deal?

Rio Ferdinand of manchester United. lFootball: Premier League: Manchester United 1 Reading 0.

After paying £736million for the rights to broadcast 38 Premier League football matches every season, BT has today unveiled its sport packages for new customers. Key to its launch is that BT broadband customers will get BT Sport FREE through their set top boxes, computers, phones and tablets, while non-broadband subscribers will have to pay up to £15 to access its three sports channels.

Buy-to-let mini-boom runs out of steam but landlords dash to remortgage as rates fall

Cashing in: Investors have been tempted into buy-to-let by robust rental demand

The number of buy-to-let mortgages being taken out is up 4% annually, according to new statistics, dramatically below the 30% growth seen a year ago.

British holidaymakers stung for £6 by their bank each time they withdraw cash abroad

Cash charges: holidaymakers are being charged £5.99 on average to withdraw money from cash machines when they go abroad.

Customers visiting ten of the top holiday destinations for British tourists around the world withdrew an average of £126.02 at a cost of £5.99 a time.

Home repossessions 'at levels lower than many anticipated' thanks to low interest rates

CML graph: Repossessions rate over the last decade

The Council of Mortgage Lenders said the upswing followed a usual seasonal pattern, with 8,000 properties repossessed between January and March, 300 more than in the final quarter of 2012.

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MARKET REPORT: Flat farewell for outgoing Provident boss after customer numbers fall

Departure: John van Kuffeler of Provident Financial

John Van Kuffeler (pictured), who retires from Provident Financial in January 2014, exits the company on the heels of a mediocre AGM. Shares of the money lending group were sold down to 1570p before they closed 83p down at 1600p after Kuffeler admitted that customer numbers had fallen.

Fashion brand Supergroup soars again as sales grow 5%

Bucking the trend: The brand's sales growth is said to be 'impressive by any retailer's standards'

The fashion retailer, founded as a market stall in Cheltenham before floating in 2010, said a revamp of womenswear helped deliver ‘solid’ sales growth.

CITY FOCUS: M&S; hopes state-of-the-art distribution centre will transform its fortunes

Click and buy: The fully automated distribution site is the Ocado of the clothing world

The clothing chain needs to bring its computer systems and warehouses into the modern ages and will move from a network of 110 small sites to just three large ones.

'We're not out of touch': Morrisons on the defensive as underlying sales fall 1.8%

Morrisons Graphic (Read-Only).jpg

The supermarket has been struggling to compete against rivals with some analysts concerned a move upmarket has alienated some of its core customers.

Top tips for DIY investors: Three ways to avoid the savings drought and beat inflation

Savings drought: Just one account now beats inflation, so what can savers do instead?

With savings rates at an all-time low, it has become even more important to think outside the box to make your nest egg work as hard as possible. Adrian Lowcock, of Hargreaves Lansdown, gives his three top tips for investors to beat inflation as savings rates continue to fall.

'Being forced to sell up would have been heart-breaking': Don't let an interest-only mortgage cost you your home

Tony and Pam Hughes

Tony and Pam Hughes are typical of the tens of thousands of elderly homeowners who face being forced to take sell or borrow more when interest-only loans become due.

The silver debt crisis: Over-60s reporting higher credit card debt than any age group as living costs bite

Age old problem: Over-60s looking for debt advice have more on credit cards than younger people.

StepChange reported that the over-60s clients that it advises have average debts of £22,999 each, versus an average of £17,635 across all clients.

Fans head to overseas music festivals as the price of a UK ticket soars by more than 124% in a decade

Put your hands in the air: The cost of a ticket to Bestival has gone up by 124 per cent since it launched in 2004.

The poll revealed that nearly two thirds of revellers would consider going to a European festival rather than one in the UK, according to research by money-saving website Watchmywallet.co.uk. It said that more than half of people travelling abroad for a festival did so because of the price of tickets in the UK, while a quarter said the greater chance of good weather was a major factor.

Thought you'd get free care if you fell sick in Spain? Britons held hostage by foreign hospitals

A doctor with a prohibition sign

Holidaymakers face being denied medical help or having to pay huge hospital bills because clinics in cash-strapped EU nations are refusing to treat them.

Going on holiday? Best debit and credit cards to help you avoid overseas fees

On holiday? Make sure you're not spending too much on fees

Travelling abroad is costly enough without the added horror of returning home to find your bank statement littered with extra fees after using your card overseas.

Can I 'swap' houses with my parents so that we can continue to live in the same area - and reduce stamp duty?

Trading places: Can we swap homes to save money?

My parents want to downsize and my wife and I need a bigger home - can we swap houses and each pay less to reduce stamp duty?

Young motorists can save £200 on car insurance by using 'black box' technology to prove they can drive safely

Cheaper driving: Comprehensive research has found that telematics can help bring down insurance costs

Young drivers who face steep costs for motor cover could save an average of £201 – or 12.5 per cent - by choosing telematics technology over a standard policy, research has found.

'Irresponsible' Kerry Katona payday loan ad banned for encouraging debt to fund celebrity-style lifestyle

Banned: The ASA said that the ad must not run again in its current form.

The former pop singer and reality TV star, who was declared bankrupt in 2008 for unpaid taxes, referred to her ‘money troubles’ in the ad for Cash Lady.

'We are trapped': The life-long school friends split by the £44k state pension divide

Split: Denise Macgregor (first left, back row) & her school friend Linda Hull (third left, back row)

For almost half a century, many of the girls in the Ilkley Grammar School hockey team, main picture, have stayed close. Despite their lives going separate ways the bond from those happy times in Yorkshire has always remained. But now Denise MacGregor, bottom right, will get a poorer pension than Linda Hull, top right, simply because she's five months older.

House prices jump £6,000 in one year as mortgages become easier to get and rates fall

Right move: house prices have risen two per cent compared to the same time last year.

There was more evidence of an improvement in the UK property market today, as the latest Halifax house price index showed property prices rose 1.1 per cent in April.

The savings race to the bottom: M&S; Bank Advantage Isa savers face yet another rate cut on Friday

M&S Bank: The Advantage Cash Isa rate will fall to a tax-free 1.3%

Savers wooed by M&S; Bank's top-paying cash Isa last year will see their rate cut again from Friday. The Advantage Cash Option Isa rate will fall to a tax-free 1.3%.

SIMON LAMBERT: It is time to drag the buy-to-let mortgage market out of the wild west

In the wilderness: Buy-to-let mortgages remain in the regulatory wild west, despite their popularity

People tempted into buy-to-let are regularly putting down their life savings, or a substantial chunk, and many are taking their first foray into such investments. Yet like those with Bank of Ireland they are largely unprotected. So why do they remain unregulated?

Top 20 investment trusts: UK small companies and Asia Pacific are 10-year winners

Top of the league: AIC analysed investment trusts to find the 20 most reliable and strongly-performing contenders of the last decade

The Association of Investment Companies has analysed all investment trusts to find the 20 strongest and most consistent performers of the last decade. Seven were UK Smaller Companies trusts and five Asia Pacific excluding Japan sector.

ASK TONY: No one will admits it's theirs, so can Anyone Anywhere fix my phone line?

Ask Tony cartoon

I decided to move my phone and broadband from Sky to a new supplier - Everything Everywhere (EE). However, I changed my mind and phoned EE to cancel. I also called Sky to say I would stay. I then lost access to my landline. The next day our landline came on again! Sky and EE say they are not the provider for this number.

Mind the app: Parents fork out £30million on accidental purchases made by their children on smartphones and tablets

Expensive mistake: Parents are footing a bill of £30million nationally as children accidentally buy apps on smartphones and tablets.

On average parents have spent an extra £34 on their mobile phone and tablets bills because of accidental app and in-app purchases made by their kids, research by Windows Phone has claimed.

Gold price stays below $1,500 as skittish traders continue to sell, countering buying from bullish bargain hunters

Shiny stuff: Buyer interest in gold bars and coins remains at elevated levels

A price crash to $1,321.35 an ounce last month ignited a buying frenzy for gold bars and coins - but investment in gold ETFs is down as traders remain lukewarm.

The end of £66-a-week married person's pension: Who - and how many - will it affect?

Marriage changes: State pensions will be calculated based on individual working records from 2016, so people will no longer be able to rely on their spouse's record.

Almost two million married retirees receive a state pension top-up based on their partner's work record. But this loophole will close to all claimants in 2016.

The secret to buy-to-let riches? A one-bed flat in Wales could deliver the best returns

Hot or not: Buy-to-let investors could get the best returns from a flat in Wales, such as these pictured at Cardiff Marina

A one-bedroom flat in Wales may not be the most glamourous of property investments but it could be a wise one, according to a new in-depth buy-to-let report.

Vulnerable homes miss out on energy-saving perks that could slash bills as firms ignore efficiency targets

Energy efficient: energy firms have failed to heed Government set targets to help make homes more energy efficient by replacing old boilers and installing cavity wall and loft insulation.

Vulnerable households are missing out on vital savings because energy firms have failed to insulate their homes. In a bid to reduce our carbon footprint, the Government set energy companies strict efficiency targets, which had to be met by December 2012.

Now just one savings account beats inflation as rates continue to fall

Falling pounds

Only the tax-free cash Isa from Virgin Money - which pays 3% - gives savers the chance of matching inflation, and only then if you are willing to tie up money for five years.

JAMES CONEY: Payment protection insurance vultures to target interest-only mortgages

James Coney

Were you driven round the twist by telephone claims handlers trying to convince you to make a complaint about mis-sold PPI? Prepare to be annoyed again.

Osborne told 'austerity isn't working' ahead of IMF visit as Britain's economy revealed to be close to weakest in the G7

Pan B: Britain's economic recovery is lagging behind 23 of the 33 countries monitored by the IMF, the TUC said.

The UK is ‘falling behind’ in the global economic race Labour claimed today as a study showed the economy was set to grow slower than 23 of the 33 western economies monitored by the International Monetary Fund. The TUC found among the G7 group of leading economies, only Italy had suffered a worse reaction to the economic catastrophe.

ALEX BRUMMER: Sainsbury's chief Justin King keeps motoring along in the face of other high profile resignations

Daily Mail City Editor Alex Brummer

King remains as enthusiastic as ever about the job he is doing. But after nine years at the helm he must feel that the clock has started to tick.

HSBC chief executive Stuart Gulliver believes Britain is in 'calmer waters'

Cost-cutting strategy: HSBC chief executive Stuart Gulliver has overseen 40,000 job losses since 2011

HSBC boss Gulliver saw the bank post a 95 per cent increase in profits, then, asked whether Britain has finally emerged from the credit crunch, he said: ‘I think we are moving into calmer waters.’

Keep getting slammed with overdraft charges or turned away from banks? The best of the basic bank accounts

Avoid shock bills: Basic bank accounts can help you to manage your finances

'Help! Wonga has taken £273 from my account for a loan I never took out - what should I do?'

Victim: We've been contacted by 75 people who've had money taken out of their accounts or been sent a letter chasing them for a debt on a loan they never took out.

A week or so ago I was checking my bank account and I saw an online debit card payment for Wonga for £273 but I've never had a loan with them - what do I do now?

Credit Union push to force out payday lenders with landmark expansion that will see local co-operatives join forces

Fighting payday lenders: Manchester-based Voyager Alliance Credit Union services Britain's passenger transport industry, and is one of the 31 organisations involved in the expansion.

It is hoped that the project will attract a million new members over the next five years, with the help of a £35.6million investment previously pledged by the Government.

Get saving now: This is Money's five favourite best buy cash Isas for 2013

number 5

A new tax year means a fresh Isa allowance to save. We pick our five favourite cash Isas for savers, don't miss this essential Isa reading that is kept up-to-date throughout the year.

Britain's ten favourite new cars as buyers are tempting away from second hand

Hot hatch: The Ford Fiesta is Britain's favourite new car, as buyers are tempted to opt for a showroom fresh model by cheap finance deals.

A rise in new car sales has been driven by affordable finance offers, such as those that allow buyers to put down minimal deposits and get a showroom fresh car for less than £150 per month.

When will UK interest rates rise? Rates kept at 0.5% and QE on hold as economy shows signs of improving

Bank of England in London

The bank rate is at a rock bottom 0.5%, and one day it must rise. The big question is when? We explain the factors that will decide when interest rates rise and how quickly, including the latest forecasts from markets and economists.

The lowest five-year fix dips under 2.5% but it will cost you a £1,999 fee. What next for mortgage rates and should you fix?

Houses and calculator

Mortgage rates have hit record lows, with a five-year fix at 2.49%, but borrowers need to beware rising arrangement fees. So is now the time to lock in?

Property sales are on the up while mortgage rates fall. What next for house prices?

Houses and bar charts

Property sales are finally on the up, while better mortgage deals are landing regularly. So what now for house prices?

Ten tips for buy-to-let: the essential advice for property investors

Hand holding model house to let

For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Read our top ten buy-to-let tips

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