Barclays to fight power manipulation fine

euronews (in English)
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Barclays has said it will fight the record fine imposed on it by a US energy regulator over the alleged manipulation of power markets in California and other states.

The British bank is facing a $453 million fine (345 million euros).

Hefty penalties have also been levied against four of its power traders who are are accused of manipulating an index relating to electricity prices.
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