The city council is suing one of the world’s largest banks over loans which it claims were manipulated.

The Labour-run council is one of seven local authorities taking legal action against the bank.

Together the councils took out 49 loans worth £550 million.

The councils have now filed a group action claim against the bank, with the matter expected to go to the High Court.

Read the full story.

2019-02-07T15:58:18+00:00 February 7th, 2019|

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