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'I totally f***** with the Palo market today': Damning emails of Barclays traders

From dailymail.co.uk

Emails and phone messages between foul-mouthed Barclays traders in New York reveal how they bragged about rigging energy prices in America to make huge profits. Critics yesterday said the expletive-ridden correspondence provides further evidence of the ‘rotten culture of casino banking’ that built up under disgraced former boss Bob Diamond. The bank faces a £270million fine by the US Federal Energy Regulatory Commission for allegedly manipulating the energy market across Western America between November 2006 and 2008. Four traders are accused of conspiring to sell electricity at a loss to drive prices down. This ... (full story)

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