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Barclays Faces $470 Million Fine for Energy Market Manipulation

HeadlineNov 01, 2012

U.S. regulators have threatened to fine Barclays bank about $470 million to settle claims the company manipulated electricity markets in California in order to turn a profit. It could be the largest fine ever imposed by the Federal Energy Regulatory Commission and potentially surpasses the amount Barclays paid to settle allegations it rigged the key global interest rate known as Libor.

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