Saturday, November 3, 2007
Is Barclays, RBS or A&L now in trouble ?
The City was swept by rumours yesterday that another British bank was in trouble after Northern Rock indicated it was not the only bank borrowing from the Bank of England's rescue fund. Barclays was yesterday the subject of intense speculation in the City after its share price sank by 6% as investors worried about its financial stability. Other banks, including Royal Bank of Scotland and Alliance & Leicester, also suffered large falls in their share prices as the City share dealers scouted around for the most likely candidates.