Lambert leaves FPC before first meeting - papers

Exits at the FPC, more trouble for Glencore, an FSA probe at Eddie Stobart's, and a rush for inflation-beating savings bonds - our round-up of the nationals' top finance stories.

EX-CBI director-general Sir Richard Lamberthas walked away from his new role with the Financial Policy Committee - before he's even had his first meeting. He had been viewed as a key high-profile member of the panel and his departure could prove to be a stumbling block for chancellor George Osborne's flagship financial regulation reforms. MORE

Thousands of savers joined a scramble yesterday for inflation-beating index-linked National Savings & Investments certificates. NS&I was bombarded with applications after it relaunched its hugely popular tax-free savings certificates. MORE

Glencore has been accused of illegally privatising assets worth up to $7.6bn (£4.7bn) by Kazakhstan's leading opposition figures, amid fears the recent commodities sell off could hurt the company's valuation or force it to pull its $61bn flotation. MORE

The FSA is examining a controversial deal which will see distribution company Stobart Group buy a property portfolio from its chief executive. MORE

Hedge fund billionaire Raj Rajaratnam's fraud conviction will herald an unprecedented wave of insider trading cases, legal experts said. Rajaratnam was convicted on 14 counts of fraud and conspiracy came amid the largest insider dealing investigation in US history in which 47 hedge fund managers and others have been charged with insider trading. MORE

The IMF is urging Europe to push shaky banks to strengthen their finances as the best way to keep the debt crisis in Greece, Portugal and Ireland from hitting a growing eurozone economy. MORE

BT posted a bumper 71% boost in profits and slashed its pensions deficit during its past financial year, although the group did not predict a return to growth until 2013. MORE