Regulator pushes for Barclays penalty
The Federal Energy Regulatory Commission (FERC) has asked a California federal court to affirm a $453m penalty against Barclays and four of its traders, saying that the bank practiced market manipulation between November 2006 and December 2008 by scheming to trade day-ahead fixed-price electricity to boost the bank's financial swap positions. Barclays maintains that it did nothing wrong.

By Jody Godoy (March 21, 2016, 5:22 PM EDT) -- The Federal Energy Regulatory Commission urged a California federal judge on Friday to affirm a $453 million penalty against Barclays Bank PLC and four of its traders, saying the bank still hasn't justified what the regulator calls energy market manipulation....

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