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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 213.10
Bid: 213.45
Ask: 213.55
Change: -4.10 (-1.89%)
Spread: 0.10 (0.047%)
Open: 217.55
High: 218.25
Low: 212.15
Prev. Close: 217.20
BARC Live PriceLast checked at -

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UPDATE 1-Obama taps Ron Binz to lead energy regulatory body

Thu, 27th Jun 2013 23:15

By Ros Krasny

WASHINGTON, June 27 (Reuters) - President Barack Obama hastapped renewable energy advocate Ron Binz as chairman of theFederal Energy Regulatory Commission, the agency that has madeheadlines in the past year with tough enforcement actionsagainst Wall Street banks.

Binz, a Democrat, was named as a commissioner of theregulator and if confirmed by the U.S. Senate would bedesignated as chairman, the White House said. He would succeedJon Wellinghoff, who announced his resignation in May.

Binz was chairman of the Colorado Public UtilitiesCommission from 2007 to 2011, and now runs Public PolicyConsulting, a regulatory consulting practice.

He is also a policy advisor with the Center for the NewEnergy Economy at Colorado State University, a privately fundedinitiative to support clean energy. He is a former president ofthe Competition Policy Institute, a non-profit group devoted to boosting competition in energy and telecommunications markets.

Binz's time at the Colorado commission was marked by battleswith Republican state legislators and mining interests when thecommission encouraged the state's largest utility to closecoal-fired plants near Denver.

The Colorado Mining Association, an industry group, clashedwith Binz in 2010 over what it termed the appearance of bias inthe commission's treatment of coal plants and efforts to promotenew plants that would run on natural gas.

FERC, which has about 1,500 employees, regulates elements ofthe U.S. natural gas, electricity, oil and hydropowerindustries.

In recent years the agency has engineered a massiveexpansion of its enforcement operations that followed thepassage of sweeping energy legislation passed in 2005.

FERC's enforcement division has about 200 staff, up fromabout 20 a decade ago, including many lawyers and former traderswith deep knowledge of power markets. It is led by Norman Bay, aformer U.S. district attorney from New Mexico, and otherlaw-enforcement heavyweights.

Over the past year the regulator has flexed its new muscleswith a series of headline-grabbing fines and investigationsagainst large banks.

The actions include a proposed record $470 million fine forBritish bank Barclays for alleged manipulation of theelectricity market.

FERC also imposed a temporary ban on JPMorgan Chase & Co's energy trading arm from part of the domestic powermarket.

Binz's selection was praised by the Public ServiceEnterprise Group, a New Jersey electric generation company, foropening FERC up to "thoughtful consideration of emergingopportunities."

More News
28 Nov 2023 07:56

Barclays considers dropping thousands of investment banking clients - report

(Sharecast News) - Barclays is reportedly exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs.

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28 Nov 2023 07:42

LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

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27 Nov 2023 17:16

UPDATE: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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27 Nov 2023 13:44

Barclays in talks to acquire mortgage portfolio from Metro Bank

(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.

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27 Nov 2023 13:26

PRESS: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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27 Nov 2023 12:54

IN BRIEF: Argo Blockchain hires former CBOE Digital chief to be CEO

Argo Blockchain PLC - London-based cryptocurrency miner - Hires Thomas Chippas as chief executive officer and board member, starting immediately. New York-based Chippas most recently was CEO of CBOE Digital, a crypto trading and clearing firm that is part of Cboe Global Markets Group. He also was CEO of Citadel Technology LLC and worked at financial firms Citigroup Inc, Barclays PLC and Deutsche Bank AG. "The pace of innovation in the bitcoin mining industry continues to increase as miners seek ever greater efficiency and capacity in preparation for the bitcoin halving and beyond," Chippas says.

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27 Nov 2023 09:20

LONDON BROKER RATINGS: Peel, Numis up Rightmove; Goldman cuts Entain

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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26 Nov 2023 09:49

PRESS: Lloyds Banking mulls jobs cuts to trim costs - Reuters

(Alliance News) - Lloyds Banking Group PLC is putting 2,500 jobs at risk as part of cost-cutting plans, Reuters reported on Friday.

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24 Nov 2023 16:56

LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

(Alliance News) - Global markets saw a lacklustre session this Black Friday, with European markets edging just slightly higher.

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24 Nov 2023 15:03

London close: Stocks mixed on quiet Friday

(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.

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24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

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24 Nov 2023 09:20

PRESS: Barclays works on plan to cut 2,000 back office jobs - Reuters

(Alliance News) - Barclays PLC is working on restructuring plans that could involve cutting as many as 2,000 jobs to save GBP1 billion, Reuters reported on Thursday.

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24 Nov 2023 08:41

Barclays looking to save up to £1bn; 2,000 jobs at risk - report

(Sharecast News) - Barclays is reportedly working on plans to save as much as £1bn, which could result in as many as 2,000 job losses, mainly in the bank's back office.

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23 Nov 2023 11:28

Greencore signs new GBP350 million sustainability-linked facility

(Alliance News) - Greencore Group PLC on Thursday said it signed a new five-year GBP350 million sustainability-linked revolving credit facility.

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21 Nov 2023 06:24

Banks accused of 'lack of transparency' over green finance activities

(Alliance News) - Europe's 20 largest banks have been accused of a "structural lack of transparency" over their green finance activities.

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