Articles by Associated Press in Washington
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JP Morgan to Pay $410m in Penalties for Manipulating Electricity Prices
Associated Press in Washington – The Guardian,
5 Aug 2013
JP Morgan has agreed to the penalty, although the company disputes the violations. The penalty includes $285m for the federal government, and $125m for ratepayers. The agency recently levied a $453m penalty on Barclays, Britain’s second-largest bank, for manipulating electricity prices in California and other western states. Barclays is disputing the allegations.
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