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Two of the world's largest banks suspended, or put on leave, traders in London and New York yesterday as part of an investigation into alleged manipulation of the trillion-dollar currency market.

Market Report: Redrow rallies as 'double dip' fears ease

Housing sector stocks bounced back last night, with Redrow rebounding by almost 7 per cent after the bulls moved in on the view that the market was disproportionately discounting the possibility of "double dip" in house prices.

Abu Dhabi says it was duped by Citigroup over investment deal

Emirate desperate to tear up agreement after share collapse at banking giant

Citigroup in $20.5bn cash call to repay bailout funds

Move will allow bank to pay executives and top traders bumper bonuses

Terra Firma sues Citi over 'fraudulent' auction for EMI

US banking giant accused of lying during bid process for British music company

Citigroup sued by Terra Firma over EMI deal

British private equity firm Terra Firma accused Citigroup Inc of fraud and sued the bank for billions in damages in connection with Terra Firma's purchase of music business EMI Group in 2007, court documents filed yesterday in New York showed.

Stephen Foley: Time to put the brakes on Citigroup

US Outlook: Vikram Pandit, Citigroup's chief executive, has spent the past week lashing a horse to the back of a cart and trying to persuade everyone that he's created a roadworthy vehicle.

Citigroup sounds out investors on $15bn cash call to repay bail-out

Regulators urge caution over bank's ambitions

Citi and UBS to advise on sales

Investment banks Citi and UBS will be retained as advisers to the Government and London & Continental Railways (LCR), when the Channel Tunnel rail link is sold next year.

Seegers out as Diamond wins again in the power struggle at Barclays

Barclays' retail banking chief, Frits Seegers, is to quit the bank in the wake of a surprise shake-up of the bank's board. Mr Seegers is understood to have been unhappy with plans to remove commercial banking operations from his remit and will receive a pay off of around £700,000.

The Week Ahead: Future looks good for BSkyB's HD business

Analysts expect to hear of strong demand for BSkyB's HD, or high-definition, products when the satellite television group posts first-quarter results at the end of this week.

Market Report: Rexam rises as investors look Stateside

The packaging manufacturer Rexam firmed up last night as investors bought in ahead of updates from the group's American peers.

Citi sells Phibro and ends bonus furore

The US banking giant Citigroup has sold Phibro, its oil trading business, in a deal that helps the group to avoid potential sticky questions over a $100m (£63m) bonus paid to star trader Andrew Hall.

Tesco to report sales slowdown

Tesco, Britain's biggest retailer, will report half-year profit figures this week under a cloud of warnings over falling food prices which analysts say will hit profits at food supermarkets over the next year.

Balfour Beatty to buy US project group for $626m

Friendly takeover of Parsons Brinckerhoff to be financed by rights issue
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Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam