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.
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.
Barclays CEO Jes Staley says he has been "very transparent" about his "long-standing professional relationship with Jeffrey Epstein"— Bloomberg (@business) February 13, 2020
He says he has the full support of the bank's board and chairman as U.K. regulators probe their ties https://t.co/eQCkUDFmPH pic.twitter.com/prnpkww3p6
Read the full statement from Barclays titled “Director effectiveness assessment: disclosure of regulatory investigation” below.