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Topline
Former Barclays chief executive Jes Staley was banned from holding senior roles in financial services and fined more than $2 million by the U.K.’s financial regulator on Thursday, after regulators said Staley “recklessly misled” the company and the watchdog agency about his relationship with convicted sex offender Jeffrey Epstein.
Key Facts
The Financial Conduct Authority said Thursday its investigation into Staley concluded he “recklessly approved” letters sent to the agency by Barclay’s board that contained “two misleading statements about the nature of his relationship” with Epstein, whom Staley was connected to while he worked as a banker for JPMorgan Chase.
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