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Barclays sued by utility company

Voltage Sign

A California water utility filed a class action lawsuit on Tuesday to recoup losses in the electric market that it blames on Barclays, which the U.S. government fined $453m in 2013 for manipulating electricity prices.

Ex-UBS trader asks for dismissal of Libor case

Old courtroom sketch

A Manhattan federal judge on Tuesday questioned why a former UBS trader's bid to dismiss a criminal case accusing him of scheming to manipulate the Libor rate should even be considered when the U.S. government calls him a fugitive.