US Edition
Jes Staley Fails to Overturn Ban over Epstein Links
- A UK tribunal upheld a lifetime ban barring former Barclays CEO Jes Staley from senior financial industry roles over his links to convicted sex offender Jeffrey Epstein in October 2023.
- The ban followed the Financial Conduct Authority's finding that Staley recklessly approved a misleading 2019 letter about his relationship with Epstein sent by Barclays' chair to the FCA.
- During the hearing ending in April, evidence including emails showed Staley described Epstein as a close friend and maintained contact through his daughter between 2016 and 2017 despite Staley's claims of a distant relationship.
- The tribunal called Staley's breaches a serious failure of judgment and noted he showed no remorse, while reducing his FCA fine from £1.8 million to about £1.1 million due to mitigated factors.
- Staley expressed disappointment with the outcome, maintained he was unaware of Epstein's crimes, and did not indicate plans to appeal, marking the end of his legal efforts to overturn the ban.
42 Articles
42 Articles
Jes Staley, former CEO of Barclays, has received a final blow in his career following the decision of a UK court. According to the original report, the British court confirmed his ban on high-ranking positions in the financial services sector due to his links with Jeffrey Epstein.This controversial ruling highlights how Staley systematically deceived the bank and others about the nature of his relationship with Epstein.A Hidden RelationshipJudge…
Ex-Barclays CEO lied about having a 'purely professional' relationship with Jeffrey Epstein, court rules
The judgment said Jes Staley did not "fully disclose" the nature of his relationship with Jeffrey Epstein.ReutersA UK tribunal upheld Jes Staley's ban from senior financial roles over his ties to Jeffrey Epstein.The judgment said Staley failed to disclose his relationship with the child sex offender.Barclays has denied Staley deferred shares, and the tribunal reduced his fine to £1.1 million.A British tribunal has upheld former Barclays CEO Jes …
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