Barclays pledges to fight US energy fine LONDON -- Barclays, one of Britain's largest banks, is vowing to defend itself against U.S. allegations that it manipulated the electricity prices in California and other western states to make money.
Regulators ordered Barclays and four of its traders to pay $453 million in civil penalties for manipulating electricity prices between November 2006 and December 2008. The Federal Energy Regulatory Commission also ordered Barclays to pay $34.9 million,... read more
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Source: http://www.newsrt.us/news/barclays-pledges-to-fight-us-energy-fine-1111308.html
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