LONDON (MarketWatch)
U.K. bank Barclays PLC on
Wednesday said it was being probed in two new U.S. regulatory investigations
The bank released the news as part of its third-quarter-earnings statement
The
bank said the U.S. Department of Justice and U.S. Securities and Exchange
Commission are investigating whether the group's relationship with third parties
who help Barclays win or retain business are compliant with U.S. corruption
laws
In addition, the U.S. Federal Energy Regulatory Commission is
investigating if Barclays manipulated power prices in some parts of the U.S.
from late 2006 until 2008
The bank said in the earnings release that an Order
of Notice could be issued as early as Wednesday, but that it intends to
"vigorously defend this matter."
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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