[1]First, it was gold manipulation [4] and now alleged equity market rigging [5]; it seems investors (and customers) [6] have finally had enough. Barclays stock price is down over 8% today and trading back at 18 month lows. Of course, we will hear that this is the kitchen sink quarter etc... "remember the London Whale" but the trail of alleged fraud (and the damning emails) [5]suggests catching this falling knife is anything but a "no brainer"...
[7]
Chart: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/7847
[3] http://www.zerohedge.com/taxonomy_vtn/term/10405
[4] http://www.zerohedge.com/news/2014-05-23/barclays-fined-manipulating-price-gold-decade-sending-bursts-sell-orders
[5] http://www.zerohedge.com/news/2014-06-25/how-barclays-got-caught-red-handed-pernicious-hft-fraud
[6] http://www.zerohedge.com/news/2014-06-26/barclays-dark-pool-goes-dark-after-client-boycott
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/06/20140626_BARC.jpg
