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Barclays and 4 traders' $453m fines upheld

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The Federal Energy Regulatory Commission (FERC) Tuesday ordered Barclays Bank and four of its traders to pay $453m in civil penalties for manipulating electric energy prices in California and other western markets between November 2006 and December 2008.

JPMorgan May Be Evading Power-Trading Ban

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A JPMorgan Chase unit suspended from market-based power trading in California may be evading the ban through swap agreements with EDF Group and Cargill subsidiaries, the state’s grid operator said.

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Barclays and 4 traders' $453m fines upheld

The Federal Energy Regulatory Commission (FERC) Tuesday ordered Barclays Bank and four of its traders to pay $453m in civil penalties for manipulating electric energy prices in California and other western markets between November 2006 and December 2008.