Barclays CEO steps down over Epstein report by UK regulators
Source: AP
LONDON (AP) The chief executive of British bank Barclays stepped down Monday following a report by United Kingdom regulators into his past links with the late financier and sex offender Jeffrey Epstein.
Jes Staley has previously said he deeply regrets his relationship with Epstein, who killed himself at a federal jail in New York in August 2019 while awaiting a sex trafficking trial. There is no suggestion that the 64-year-old Staley knew anything about Epsteins alleged crimes.
Staley said he will contest regulators preliminary conclusions, which were shared with him and the bank Friday. The report by the Financial Conduct Authority and the Prudential Regulation Authority examined the way Staley characterized his relationship with Epstein to Barclays when he was Epsteins private banker in his previous job at U.S. investment bank J.P. Morgan.
Details of the report have not been released, and both regulators have refused to comment.
Barclays CEO Jes Staley participates in the Yahoo Finance All Markets Summit at Union West on Thursday, Oct. 10, 2019, in New York. The chief executive of Barclays bank has stepped down follow what that banks board described as a disappointing? report by the U.K.s Financial Conduct authority into his past links with the late financier and sex offender Jeffrey Epstein. (Photo by Evan Agostini/Invision/AP)
Read more: https://apnews.com/article/business-europe-crime-jeffrey-epstein-6800ce76a447b0c08fb9d0c1d3b38446
Farmer-Rick
(10,135 posts)They have so much money they can do almost anything and they decide to help out child molesters and sex traffickers. Yeah, these immoral filthy rich people should be controlling our banks and corporations.
RVN VET71
(2,689 posts)If Epstein did, in fact, commit suicide, he displayed a certain physical flexibility and dexterity known only to ballerinas, martial artists, and Pilobolus.
Im dismayed to see AP mouth the dubious claims of establishmentarians regarding the demise of the late, unlamented Mr. Epstein.
Kid Berwyn
(14,795 posts)Guy was smarter than that. Thats why firmer AG Bill Barrs dad hired Epstein to teach at the NYC prep Dalton School as a college drop-out.
https://lawandcrime.com/high-profile/the-epstein-barr-problem-of-new-york-citys-dalton-school/