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

📆 2023/10/12 19:59:00
📰 AP

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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.

LONDON — Britain’s financial regulator said Thursday that it fined Barclay’s former chief executive 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.

But in email messages, Staley described Epstein as one of his “deepest” and “most cherished” friends, according to the regulator. As a result, Chambers said it is “right” to prevent him from holding a senior position in the financial services industry.The FCA’s decision is provisional and Staley can appeal at an ensuing tribunal.

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