Former Barclay’s CEO Jes Staley Banned From Senior Banking Roles, Fined $2M for Misrepresenting Ties to Jeffrey Epstein: UK’S Financial Regulatory Body
Former JPMorgan Chase top executive and Ex-Barclays CEO Jes Staley is facing a lifetime ban from senior roles in financial services, as well as a 1.8 million pound ($2.21 million) fine by UK’s Financial Conduct Authority (FCA).
The ban and the fine are for allegedly misleading the FCA over his relationship with Jeffrey Epstein.
Reuters reported:
“‘The FCA has found that Mr Staley recklessly approved a letter sent by Barclays to the FCA, which contained two misleading statements, about the nature of his relationship with Jeffrey Epstein and the point of their last contact’, [the FCA] said.”
Staley said that he was “very disappointed” by the FCA’s decision, and that he would continue to challenge it in court.
