US lawsuit against Barclays Bank

US lawsuit against Barclays Bank

New York’s attorney general is planning a civil lawsuit against British based bank Barclays, over its ‘dark pool’; the unit that allows block trading with anonymity. Eric Schneiderman claims the bank’s practices show a “disturbing disregard for its investors in a systematic pattern of fraud and deceit.” The Bank’s shares fell more than 5 per cent after the announcement. Read the full story.