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Barclays shares fall after top investor offloads $1.2-billion stake

The sale deals a further blow to Barclays just a day after it disclosed a compliance blunder leading to an estimated 450-mn pound ($589 mn) loss for overseling structured products in the United States

A Barclays logo is pictured outside the Barclays towers in Johannesburg. Photo: Reuters
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A Barclays logo is pictured outside the Barclays towers in Johannesburg | Photo: Reuters

Reuters London
Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight. An unnamed investor sold 599 million shares on Monday evening, facilitated by Goldman Sachs. The shares are roughly equivalent to a 3.6% stake, according to Refinitiv Eikon data.
 
The sale deals a further blow to Barclays just a day after it disclosed a compliance blunder leading to an estimated 450 million pound ($589 million) loss for overseling structured products in the United States. Barclays shares were last

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Topics : Barclays

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First Published: Mar 29 2022 | 11:20 PM IST

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