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

Associated Press

LONDON (AP) — Britain’s financial regulator has fined the American former chief executive of Barclays, Jes Staley, 1.8 million pounds — about $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. The Financial Conduct Authority said in a statement on Thursday that Staley had “recklessly approved” a letter sent by Barclays to the FCA, which contained two misleading statements about the nature of his relationship with Epstein and the point of their last contact. The 66-year-old Staley was ousted from Barclays in 2021 over his ties to Epstein.

Article Topic Follows: AP-National

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