Thursday, 18 July 2013


Barclays fined for US price fixing

'Barclays and four of its traders have been fined 453 million dollars (£300 million) by United States regulators for manipulating power prices.
In a fresh blow for the scandal-hit bank, the Federal Energy Regulatory Commission (FERC) also ordered the lender to pay at least 34.9 million dollars (£23 million) of "unjust profits" to the low-income home energy assistance programmes of Arizona, California, Oregon and Washington.'