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Barclays boss Jes Staley's links to Jeffrey Epstein investigated

The Guardian logo The Guardian 5 days ago Kalyeena Makortoff Banking correspondent

Jes Staley wearing a suit and tie: Barclays’ CEO Jes Staley. © Photograph: Debra Hurford Brown/Barclays/PA Barclays’ CEO Jes Staley. UK regulators are investigating Barclays chief executive Jes Staley over the way he described his relationship with the disgraced financier Jeffrey Epstein.

Barclays bank said the investigation, launched by the Financial Conduct Authority and Prudential Regulation Authority, focused on Staley’s “characterisation to the company of his relationship with Mr Epstein and the subsequent description of that relationship in the company’s response to the FCA”.

The American banking boss, who joined Barclays in 2015, says he developed a relationship with Epstein in 2000 when he was running the private bank at JP Morgan.

As the investigation was revealed on Thursday, Barclays said it had conducted an internal review and had no concerns over the way its chief executive had characterised his dealings with the convicted sex offender.

The board said it “believes that Mr Staley has been sufficiently transparent with the company as regards the nature and extent of his relationship with Mr Epstein. Accordingly, Mr. Staley retains the full confidence of the Board, and is being unanimously recommended for re-election at the Annual general meeting.”

It comes less than two years after Staley was fined by both the FCA and PRA over forced to pay a fine of £642,000.

Support for victims of sexual violence:

  1. NZ Police
  2. Victim Support 0800 842 846
  3. Rape Crisis 0800 88 33 00
  4. Rape Prevention Education
  5. HELP (Auckland) 09 623 1700
  6. Te Ohaakii a Hine – National Network Ending Sexual Violence Together
  7. Male Survivors of Sexual Abuse Aotearoa New Zealand

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