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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: 215.70
Bid: 215.70
Ask: 215.75
Change: -1.85 (-0.85%)
Spread: 0.05 (0.023%)
Open: 217.10
High: 217.60
Low: 215.10
Prev. Close: 217.55
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."

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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9 Feb 2024 08:49

LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

(Alliance News) - Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank.

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9 Feb 2024 08:11

Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital

(Sharecast News) - Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.

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9 Feb 2024 07:59

TOP NEWS: Barclays buys Tesco Bank as supermarkets refocus on food

(Alliance News) - Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial services.

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9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

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9 Feb 2024 07:03

Tesco sells banking unit to Barclays for £600m

(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.

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4 Feb 2024 11:12

Sunday newspaper round-up: Asda, Barclays, McLaren

(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph

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26 Jan 2024 17:39

Texas bans Barclays from local govt debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

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26 Jan 2024 17:08

Texas bans Barclays from local debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton said on Friday that Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its carbon emissions reduction commitments.

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25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

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25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

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23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

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22 Jan 2024 17:14

European shares rise as Wall Street rallies; ECB decision in focus

Kindred jumps on takeover bid from FDJ

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22 Jan 2024 16:59

London stocks climb as homebuilders shine, China weakness drags miners

Barclays up after bullish view from MS

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22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

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