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Barclays shares plummet as British bank faces U.S. fraud lawsuit
http://www.rawstory.com/rs/2014/06/26/barclays-shares-plummet-as-british-bank-faces-u-s-fraud-lawsuit/
Barclays shares plummet as British bank faces U.S. fraud lawsuit
By Agence France-Presse
Thursday, June 26, 2014 12:46 EDT
Shares in Barclays plunged by more than six percent on Thursday after New York prosecutors sued the British bank for fraud — the latest blow to hit the scandal-hit company.
Barclays tumbled 6.52 percent to finish at 215 pence on London’s FTSE 100 index, which ended 0.02 percent higher at 6,735.12 points.
Prosecutors on Wednesday said Barclays had promised clients that it would protect them from aggressive high-speed trading firms in so-called ‘dark pools’, but at the same time took steps that benefited these firms.
“The facts alleged in our complaint show that Barclays demonstrated a disturbing disregard for its investors in a systematic pattern of fraud and deceit,” Attorney General Eric Schneiderman said on Wednesday.
