Layoffs Watch '14: Barclays
The last handful of traders standing at the power-trading desks are standing no more.
Barclays PLC is shutting down its U.S. and European power trading desks, continuing a retreat begun last year while it fights a $435 million market manipulation claim by U.S. regulators….
The unit employed fewer than 10 people globally, according to a person familiar with the matter.