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.
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