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  • British Bank Regulators Investigating Barclays CEO Jes Staley's Relationship To Jeffrey Epstein

    British Bank Regulators Investigating Barclays CEO Jes Staley's Relationship To Jeffrey Epstein

    British bank regulators are investigating Barclays PLC CEO Jes Staley for his ties to Jeffrey Epstein, the financier who was found dead in his New York jail cell last summer while awaiting trial on federal sex-trafficking charges, the investment bank said Thursday.

    H/T: International Business Times

    A spokesperson for the Financial Conduct Authority, Britain's main banking regulator, confirmed that there is “an investigation concerning Mr Staley” but was unable to elaborate further.

    Barclays said in a statement that based on its review, Staley “has been sufficiently transparent with the Company as regards the nature and extent of his relationship with Mr. Epstein,” adding further that the CEO “retains the full confidence of the Board, and is
    being unanimously recommended for re-election at the Annual General Meeting.”

    Staley answered questions about his relationship with Epstein during an appearance on Bloomberg News. Watch below.

    Read the full statement from Barclays titled “Director effectiveness assessment: disclosure of regulatory investigation” below.

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