The Federal Energy Regulatory Commission has fined Barclays $435m (£287m) for manipulating energy markets in California and other states. http://www.bbc.co.uk/news/business-23337178  In a series of electronic messages, according to the FERC complaint, the traders boasted of their ability to manipulate markets.
In an email exchange, trader Scott Connelly’s colleagues asks: “You going to have fun with the index all month?” and in another, Mr Connelly responds to details of market volatility with: “Crazy – I love it.”

One exchange, dubbed the “Friday burrito incident” in the report, is singled out for particular mention.
The FERC alleges that Mr Connelly sought to deliberately misdirect a staff member of the Western Power Trading Forum, who published an energy newsletter called the Friday Burrito.

The FERC alleges that Mr Connelly responded to an article noting unusual patterns of trading with a seemingly innocuous explanation denying manipulation and told the publisher to “embrace the change.” Mr Connelly then allowed his response to be published anonymously.

Chief executive Bob Diamond resigned last year after Barclays was fined £290m by UK and US regulators for rigging the key Libor interest rate.