- Barclays (BCS) has withdrawn a $1.5B bond offering, after yesterday's news that NY attorney general Eric Shneiderman will sue the bank for securities fraud. The bank already received more than $4.5B in orders for the 10-year subordinated deal, before the lawsuit took its toll.
- The claim accuses Barclays of favoring high frequency traders over other investors, and charges the bank of falsely representing the concentration of HFT in its dark pool.
- BCS -0.3% AH
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