Barclays sued by California utility over alleged electric market manipulation
A California water utility filed a class action lawsuit on Tuesday to recoup losses in the electric market that it blames on Barclays Bank Plc [BARCR.UL], which the U.S. government fined $ 453 million in 2013 for manipulating electricity prices. The ...
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Zen and the art of cracking down on financial market manipulation
Since joining the regulator, he has made big changes to the market monitoring team, filling the 70-strong group he oversees with former spies and PhD-armed quantitative analysts (or “quants”). The work of this idiosyncratic team revolves around Zen, ...
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Banks face new legal action over forex manipulation
After fines totalling many billions of pounds from UK and US regulators, a new threat is about to hit the major banks found guilty of manipulating the foreign exchange market. US lawyers are preparing multi-million-pound legal action - to be lodged in ...
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