The Canary Wharf headquarters of Barclays Bank, which have been fined millions for manipulating the LIBOR inter-bank lending rate, in London, England. - 

British banking giant Barclays is shutting down 200 cash transfer businesses amid concerns they are being used as tools for laundering money. Some fear the closures could hurt immigrants -- Somali expatriates in particular -- who rely on the transfer services to send funds back home.

Marketplace's Stephen Beard Morning Report host David Brancaccio from London with the latest.