May 23, 2013

Barclays share price plunges on interest rate rigging

Barclays share price fell by over 15 percent today, following increased concerns regarding its involvement in interest rate rigging. By market close, Barclays saw its share price fall to 165p, as its market capitalisation fell by nearly £4bn in a single day.

Other banks including RBS and Lloyds saw sharp falls in their share price due to investor fears regarding future probes into alleged interest rate rigging by banks.

The RBS share price fell by approximately 12%%.

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