MORE than £2.7billion was wiped off the value of Barclays bank yesterday as fears of a new banking crisis gripped the sector – already reeling by massive losses at US banks Bank of America and Citigroup.
Its shares plunged more than 24 per cent, battered by fears that it may be forced to join other banks in seeking a Government bailout, and worries that it was being targeted by short sellers.
Source: Daily Express
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