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

LONDON — Former Barclays Bank chief executive Jes Staley has been fined 1.8 million pounds and banned from holding senior financial roles in the U.K. for misleading the Financial Conduct Authority over the nature of his relationship with the late sex offender Jeffrey Epstein, the regulator said Thursday. The Authority said in a statement that Staley, a U.S.

“Staley failed to do this. We consider that he misled both the FCA and the Barclays board about the nature of his relationship with Epstein.” 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, who has previously said he “deeply regrets” his relationship with Epstein, can appeal at an ensuing tribunal.

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Ex-Barclays Bank boss Staley banned from senior UK finance roles over misleading Epstein statementsBritain’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.
Source: AP - 🏆 728. / 51 Read more »

Ex-Barclays Bank boss Staley banned from senior UK finance roles over misleading Epstein statementsBritain’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.
Source: ksatnews - 🏆 442. / 53 Read more »