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Ex-Barclays Bank boss Staley banned from senior UK finance roles over misleading Epstein statements

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Britain’s financial regulator has fined the American former chief executive of Barclays, Jes Staley, 1.8 million pounds ($2.2 million) and banned him from holding senior financial roles for misleading it over the nature of his relationship with the late sex offender Jeffrey Epstein.

BusinessFILE - Barclays CEO Jes Staley participates in the Yahoo Finance All Markets Summit at Union West on Oct. 10, 2019, in New York. Britains financial regulator has fined the American former chief executive of Barclays, Jes Staley, 1.8 million pounds and banned him from holding senior financial roles for misleading it over the nature of his relationship with the late sex offender Jeffrey Epstein. – Former Barclays Bank chief executive Jes Staley has been fined 1.

As a result, Chambers said it is “right” to prevent him from holding a senior position in the financial services industry. The banking giant had already suspended all of Staley’s deferred bonuses and long-term share awards while the watchdog investigated.

 

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