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FERC Sues Barclays For Alleged Power Market Manipulation

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BARCLAYS BANK
Antony Jenkins, chief executive officer of Barclays Plc, speaks during the annual meeting of the Clinton Global Initiative (CGI) in New York, U.S., on Thursday, Sept. 26, 2013. CGI's 2013 theme, mobilizing for impact, explores ways that members and organizations can be more effective in leveraging individuals, partner organizations, and key resources in their commitment efforts. Photographer: Jin Lee/Bloomberg via Getty Images | Getty
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Oct 10 (Reuters) - U.S. federal energy regulators said on Thursday they filed suit in federal court in California against British bank Barclays Plc to recover $435 million in civil penalties for alleged power market manipulation.

The U.S. Federal Energy Regulatory Commission (FERC) said it is seeking an order from the court affirming FERC's July 16 order assessing civil penalties against the bank and four of its traders.

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