Barclays shares have fallen after the bank revealed it is facing two new US regulatory investigations into its conduct.
According to the bank, which has been embroiled in the LIBOR rate rigging scandal, the US Department of Justice and US Securities and Exchange Commission are investigating whether its relationships with third parties who help it win or retain business are compliant with the US Foreign Corrupt Practices Act. By midday the bank's shares had dropped 3.5% to 231p, making it the second largest faller in the index. Barclays said: "Barclays has been informed by the US Department of Justice (DOJ) and US Securities and Exchange Commission (SEC) that they are undertaking an investigation into w...
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