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Friday 2 November 2012

What the FERC!

“What the FERC” – or some such choice words could no doubt be heard echoing around the corridors of power at Barclays Bank’s head office yesterday. The United States of America Federal Energy Regulatory Commission (FERC for short, yes seriously) issued a report ordering Barclays and four of its staff to ‘show cause’ why they shouldn’t pay massive fines.

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