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Barclays bank shares fall 25% in the final hour of trade

The share price of Barclays bank has fallen 25% today which makes a total slump of 40% for the week. There is some mystery as to why the shares have reacted so badly to the news that job losses will be going through over the next few weeks. However, there is concern that the company's funding position may not be as strong as first thought although as yet there is no confirmation from the company.

The move in the final hour of trading today is all the more bizarre when you consider that the shares were up 5% prior to the sell-off. While Barclays bank was not the only share price to be hit in the banking sector, there is no doubt that the move in the later stages of trading was the catalyst for weakness across the sector. No doubt we will find out why shares have been so weak over the next few days with the FSA and stock exchange expected to step in and force Barclays bank directors to make a statement.

There is also concern that the return of short sellers could have something to do with today's steep fall and further strengthen the case for more stringent regulations.

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