Scandals involving Barclays Bank are bringing down Britain’s reputation in the financial world.
U.S. Regulators Threaten to Fine Barclays Half a Billion Dollars
November 4, 2012 • From theTrumpet.com
Barclays faces a bigger fine than it did over Libor fixing.
Over accusations that Barclays manipulated the energy market, the Federal Energy Regulatory Commission (ferc) threatened to fine Barclays $470 million. The fine could be the biggest in the ferc’s history.
The fine is roughly the same size the amount of money Barclays was forced to pay British and U.S. regulators for manipulating the Libor rate.
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