Jes Staley strengthens Barclays by leaving - Peter_TL -
Jes Staley is standing down as chief executive of Barclays, the British bank said on Nov. 1, following British regulators’ investigations into his ties with convicted U.S. sex offender Jeffrey Epstein.
Barclays said it was made aware on Oct. 29 of the preliminary conclusions of the Financial Conduct Authority and Prudential Regulation Authority’s investigation into Staley’s characterisation to Barclays of his relationship with Epstein, and the subsequent description of that relationship in Barclays’ response to the regulator.
“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. The board was “disappointed” by the outcome, it added. Barclays said last year that Britain’s financial regulators were probing links between Staley and Epstein, who killed himself in 2019 while awaiting trial in the United States on sex trafficking offences. Staley has said his relationship with Epstein ended in late 2015, and that he regretted having any relationship with him.
C.S. Venkatakrishnan, Barclays’ head of global markets, will replace Staley with immediate effect. Barclays shares were down 1.2% at 200 pence by 0840 GMT on Nov. 1.Barclays' CEO Jes Staley arrives at 10 Downing Street in London, Britain, January 11, 2018.
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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 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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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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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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Jes Staley strengthens Barclays by leavingIf financial results were all that mattered, Jes Staley would be leaving Barclays on a high. The American stepped down as chief executive of the UK lender on Monday, less than two weeks after it reported a healthy 15% return on tangible equity for the first nine months of the year. However, his six years in charge also brought repeated questions about his personal conduct, culminating in the regulatory probe into his relationship with convicted sex offender Jeffrey Epstein that triggered his departure.
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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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