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Barclay Bank Form for International Transfer

Barclay Bank Form for International Transfer

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one of the top banks in the world Barclays is now in legal trouble it has been sued in the U.S District Court in Manhattan and the reason for the lawsuit is a dead sale blunder of 17.6 billion dollars the lawsuit was filed by two florida-based pension plans son the claims that they have been defrauded by the bank Barclays has sold 17.6 billion dollars more debt Securities Than The Regulators had allowed and the pension plans who filed the complaint seek to hold the bank responsible for declines in the prices of its American depository receipts Now American depository receipts or the adrs alpha U.S investors a means to purchase stock in overseas companies and as the costs have mounted over due to the Barclays death sale blunder the value of its adrs have gone down which means a loss to the shareholders ing to reports the complaint says that the market is made materially false and misleading assurances in its annual reports that its internal controls over financial reporting were effecti

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