Barclays CEO Jes Staley resigned after a probe into his ties with Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking offences. Staley has previously said his relationship with Epstein, which he now regrets, ended in late 2015
Staley says will contest regulators' findingsChief Executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein.
"In view of those conclusions, and Mr Staley's intention to contest them, the Board and Mr Staley have agreed that he will step down from his role as Group Chief Executive and as a director of Barclays," the bank said. If Staley is found to have misled regulators he could face a fine, a ban from Britain's financial industry or both.
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Jes Staley, departing Barclays CEO, will contest Jeffrey Epstein probeBarclays says Staley intends to contest the findings of the investigation, and says he did not see 'or was aware of, any of Mr Epstein's alleged crimes.'
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Barclays CEO Staley leaves due to findings of Epstein probeBarclays said on Monday that chief executive Jes Staley is to stand down following British regulators' investigations into his dealings with Jeffrey Epstein.
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Barclays CEO Jes Staley Steps Down Amid Pressure Over Epstein TiesJes Staley stepped down as chief executive of Barclays under pressure from regulators about how he characterized his relationship with convicted sex offender and financier Jeffrey Epstein.
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Barclays CEO Jes Staley quits after investigation into links with Jeffrey EpsteinThe American chief executive of Barclays, Jes Staley, is stepping down with immediate effect following an investigation by British regulators into his relationship with disgraced financier Jeffrey Epstein, the bank said on Monday.
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Barclays Chief Executive Jes Staley Steps Down Over Epstein InvestigationI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
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Jes Staley strengthens Barclays by leavingThe American is exiting the UK bank after a regulatory probe into his relationship with sex offender Jeffrey Epstein. His six years as CEO brought better results but repeated questions over his judgment. New boss C.S. Venkatakrishnan will target the same strategy with less drama.
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