More banks face prosecution for energy manipulation


Could energy market manipulation be bigger than the Libor scandal? That's the question raised by Forbes, which notes that "FERC has thus far gone after JPMorgan Chase, Deutsche Bank, and Barclays for alleged manipulation of energy prices – and the stakes are potentially as high, at least in terms of the penalty amounts sought, as any numbers splashed across the front-page stories of recent years." I've noted that Barclays fine exceeds the fine it paid to settle Libor charges. We'll see how other banks will fare. Article