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Reuters

Britain’s financial regulators are probing historical links between Barclays Chief Executive Jes Staley and the US financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, the bank said on Thursday.
Barclays said its board had looked into media reports on Staley’s relationship with Epstein, and probed Staley’s characterisation of it. The Financial Conduct Authority and the Prudential Regulation Authority are investigating.
The bank said its board believes Staley has been sufficiently transparent about his ties to Epstein, whom Staley said he had not seen since taking over as Barclays CEO in 2015.
“Accordingly, Mr Staley retains the full confidence of the board,” a statement said.

The board has “unanimously recommended” US national Staley for re-election at the bank’s annual general meeting on May 7.
Speaking to reporters on Thursday, Staley said he regretted his relationship with Epstein, which began in 2000 while he was employed by JPMorgan and “tapered off significantly” after he left the Wall Street lender.
The relationship ended in late 2015, Staley said.
Prince Andrew providing ‘zero cooperation’ in Jeffrey Epstein investigation
“I thought I knew him well, and I didn’t. I’m sure with hindsight of what we all know now, I deeply regret having had any relationship with Jeffrey Epstein,” he said.
The New York Times last year said that Epstein had referred “dozens” of wealthy clients to Staley when the CEO ran JPMorgan’s private banking business.
It also reported that Staley visited Epstein in prison when he was serving a sentence between 2008-09 for soliciting prostitution.

Staley also went to Epstein’s private island in 2015, Bloomberg reported.
Barclays has previously said that Staley never engaged or paid fees to Epstein to advise him or provide professional services.
The probe is the second regulatory investigation into Staley’s conduct in recent years, after the FCA and PRA fined him £642,000 in 2018 for trying to identify a whistle-blower who sent letters criticising a Barclays employee.
Lawsuit: Epstein abused girls as young as 12, one tried to escape his private island
Barclays shares fell 3.4 per cent on Thursday morning.
Epstein died at age 66 by hanging himself in his Manhattan jail cell last August 10, five weeks after being arrested on charges he abused and trafficked in women and girls from 2002 to 2005 in Manhattan and Florida. He had pleaded not guilty.
Additional reporting by Agence France-Presse


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Britain

Barclays backs CEO Jes Staley as UK regulators probe Jeffrey Epstein ties

Barclays' CEO Jes Staley. File photo: Reuters

Jeffrey Epstein's former home on the island of Little St. James in the U.S. Virgin Islands. (Emily Michot/Miami Herald/TNS)

Jeffrey Epstein. (New York State Sex Offender Registry/TNS)

Lawsuit: Epstein abused girls as young as 12, one tried to escape his private island by swimming

The secluded, private island can be visited only by private boat or helicopter. Photo: Reuters

Ghislaine Maxwell, longtime associate of accused sex trafficker Jeffrey Epstein, speaks at a news conference on oceans and sustainable development at the United Nations in New York, U.S. June 25, 2013 in this screengrab taken from United Nations TV footage. UNTV/Handout via REUTERS NO RESALES. NO ARCHIVES. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.

Jeffrey Epstein. Court sealed documents regarding the case will remained sealed for now, a federal judge decided. (New York State Sex Offender Registry/TNS)

Prince Andrew providing ‘zero cooperation’ in Jeffrey Epstein investigation as FBI probe sex trafficking claims

Britain’s Prince Andrew arrives for a church service at St Mary the Virgin Church in Hillington, Norfolk, on January 19. Photo: AFP

U.S. Attorney Geoffrey Berman, standing with victims of childhood sexual abuse, speaks at an event held by Safe Horizon, a non-profit victim services agency, in front of Jeffrey Epstein's Manhattan residence as they raise awareness for New York State's Child Services Act, Monday, Jan. 27, 2020, in New York. (AP Photo/Craig Ruttle)

News

World

Europe


CEO had historical links with convicted sex offender Jeffrey Epstein
Epstein died in prison last year after arrest



Barclays bank gave its full backing for Jes Staley to continue as chief executive amid the UK regulatory probe into his historical links with the convicted sex offender.


Sexual harassment and assault

Banking & finance

Barclays backs CEO Jes Staley as UK regulators probe Jeffrey Epstein ties

.css-1mniedq{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;} CEO had historical links with convicted sex offender Jeffrey Epstein Epstein died in prison last year after arrest

CEO had historical links with convicted sex offender Jeffrey Epstein

Epstein died in prison last year after arrest