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Barclays chief Jes Staley steps down after Epstein investigation
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Barclays chief executive Jes Staley is stepping down after an investigation by the City watchdog over his links to the sex offender and disgraced financier Jeffrey Epstein.
The bank said its board reached an agreement over Staley’s resignation after being notified on Friday of the preliminary conclusions in an investigation by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority into how Staley had characterised his relationship with Epstein to Barclays.
The investigation, which began in late 2019, also looked at the information in light of the fact that it was subsequently shared with the FCA, which covers conduct related issues in the City.
Barclays said that the outgoing chief executive plans to challenge the
Read more on theguardian.comAbout this in other media
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