Barclays Shares Hit 18-month Low following Securities Law Suit

Shares have slid to 217p, the lowest since October 2012 following news that the bank is being sued by New York Attorney General.

The bank has allegedly mislead large institutional investors and other clients by falsely stating they were protecting them from predatory high-frequency traders.

Instead of trading directly on exchanges, it is alleged that as much as 75% of trades were placed in a dark pool known as The Franchise where Barclays profited through this deceit.