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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: 215.65
Bid: 215.60
Ask: 215.70
Change: -1.90 (-0.87%)
Spread: 0.10 (0.046%)
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."

More News
21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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

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20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

Read more
15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

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14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

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14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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7 Dec 2023 16:55

Director dealings: Barclays chair invests, York Holdings settles LSEG call options

(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.

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7 Dec 2023 15:35

IN BRIEF: Barclays Chair Nigel Higgins buys 200,000 shares

Barclays PLC - London-based consumer, business and investment bank - Chair Nigel Higgins buys 200,000 shares at GBP1.3867 each, worth GBP277,340, in London on Thursday.

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5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

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5 Dec 2023 09:05

LONDON MARKET OPEN: FTSE 100 struggles after Moody's warning on China

(Alliance News) - London's FTSE 100 got off to a slow start on Tuesday, with miners falling amid fears for the Chinese economy, while Barclays shares fell after Bloomberg reported Qatar is trimming its stake in the lender.

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5 Dec 2023 08:01

Qatar almost halves stake in Barclays

(Sharecast News) - Banking giant Barclays was in the red early on Tuesday after its largest shareholder made moves to offload roughly £510.0m in shares.

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