At one point in October 2008, the UK banking industry was nearly brought to its knees, with only emergency action by the UK government preventing the collapse of Royal Bank of Scotland (RBS) – and, most likely, others following in its wake.
Barclays did not escape the volatility. Its share price plunged during the fourth quarter of 2008 and into early 2009, reaching a low of 47.3 pence on January 21 from a closing level of 350.5 pence on September 12, 2008. Rumours swirled around the exact size
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