Barclays Plc, Britain's second- largest bank by assets, slid the most in three years after its record fines yesterday for falsifying London interbank offered rate submissions sparked speculation lawsuits will follow.
The shares fell as much as 18 percent as U.K. lawmakers called on Chief Executive Officer Robert Diamond to resign. Barclays stock was down 28.7 pence to 167.4 pence at 12:55 p.m. in London. It was the biggest decline since March 2009.
The London-based bank was fined 290 million pounds ($451 million) yesterday by the U.K.'s Financial Services Authority, the U.S. Commodity Futures Trading Commission and U.S. Department of Justice. The settlements with are the first in an international investigation into whether banks tried to manipulate Libor.
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