Investors are joining forces to sue Britain's biggest retail bank Lloyds and five former executives, alleging they were misled over an ill-fated deal in 2008 they say wiped about 6 billion pounds ($10 billion) off the total value of shares.
Detroit should be able to access capital markets and borrow at a rate of around 5 percent after it exits bankruptcy, as long as its tax revenue remains stable, a city consultant said on Tuesday.
A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.
Work on a pair of U.S. commercial spaceships to ferry astronauts to and from the International Space Station will be delayed after a losing contender protested the NASA awards, agency Administrator Charles Bolden said on Monday.
