Barclays (BCS) has begun an internal investigation of its dark pool, which was accused this week of false representation and favoring high frequency traders over other investors. Deutsche Bank, RBC, and ITG severed their connections with the dark pool yesterday.
"The success of our business depends crucially on our clients being able to rely absolutely on our honesty and integrity," says Barclays CEO Antony Jenkins.
The last major lawsuit to hit the bank, was the Libor rigging scandal of 2012.
BCS +2.3% premarket