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

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