Banking

Barclays Being Investigated

The Department for Justice and Securities and Exchange Commission are looking into the bank's power trading operations in parts of the U.S. between 2006 and 2008

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Barclays revealed on Wednesday it was facing a possible fine in the US relating to electricity trading and that it was being investigated by the US Department for Justice and US Securities and Exchange Commission.

The news, reported alongside a third-quarter pre-tax loss, led to a sharp fall in Barclay's share price on Wednesday.