Barclays May Ask U.K. Regulator To Look Into Rumors

Barclays Bank may want the U.K.’s Financial Services Authority to get to the bottom of rumors by traders that helped drive down the value of Barclays stock. According to The Times of London, Barclays blames short sellers for rumors of losses in the commodities market for causing the bank to shed £400 million ($747.7 million) in stock value. Barclays finance director Naguib Kheraj told The Times that he’d been fielding phone calls about the rumor, which he says led to a decline of share price from £6.9 ($12.9) at the beginning of May to £6 ($11.2) at the end of the month.