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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: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

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U.S. FERC imposes $304 mln in fines on energy firms in FY2013

Thu, 21st Nov 2013 17:21

By Scott DiSavino

Nov 21 (Reuters) - U.S. federal energy regulators imposedmore than $304 million in fines against energy companies infiscal 2013 primarily for market manipulation and falsereporting activities.

It was the highest yearly total, according to Reuters data.

The Federal Energy Regulatory Commission (FERC) on Thursdaysaid its enforcement division staff in fiscal 2013 also forcedcompanies to disgorge an additional $141 million in unjustprofits.

FERC officials were not immediately available to confirm thefines imposed were a record, but it was the highest total inReuters data since Congress in 2005 significantly increased thepenalty the commission can impose in the wake of the Californiaenergy crisis of 2000-2001.

FERC's enforcement office has become much more aggressiveover the last few years, especially against market manipulationby banks and others in the power market, imposing more than $1billion in fines since 2007.

FERC said in the report Thursday that its enforcement officefocused on matters involving fraud and market manipulation,violations of reliability standards, anticompetitive conduct andactions that threaten the transparency of regulated markets.

"Enforcement does not intend to change these priorities infiscal year 2014," FERC said.

The commission's fiscal year begins Oct. 1.

In fiscal 2013, FERC said it approved its largest settlementto date with U.S. bank JPMorgan Chase & Co for $410million in combined civil penalties and the disgorgement ofunjust profits for alleged power market manipulation and makingof false statements to regulators.

FERC also said it ordered British bank Barclays Plc to disgorge $34.9 million in unjust profits and pay, withcertain of its traders, more than $450 million in civilpenalties for allegedly manipulating the power market inCalifornia.

Barclays has disputed the penalty, and FERC has sued thebank in federal court in California to recover the monies.

In addition, FERC ordered a unit of UK oil company BP PLC to pay a $28 million civil penalty and disgorge $800,000in unjust profits for allegedly manipulating the natural gasmarket. BP is fighting the fine.

FERC said its enforcement office staff opened 24investigations in fiscal 2013 compared to 16 in fiscal 2012. Ofthe investigations opened in 2013, the commission said 11involve market manipulation or false statements.

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9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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9 Feb 2024 15:15

London close: Stocks turn sour in afternoon trading

(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.

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9 Feb 2024 12:46

Barclays pledges to stop directly financing new oil and gas projects

(Alliance News) - Barclays PLC has promised to stop directly financing energy clients' new oil and gas projects as part of updates to its climate change strategy.

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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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