Jes Staley, the former CEO of Barclays, has seen his reputation and career unravel after revelations of a deeper-than-declared relationship with Jeffrey Epstein surfaced. Regulators found that Staley had misled both Barclays’ board and the UK’s Financial Conduct Authority (FCA) by characterizing his bond with Epstein as merely professional, when a trove of emails and correspondence suggested otherwise. The FCA banned Staley from holding senior roles in the UK financial sector and fined him—punishments he challenged in court but largely failed to overturn.
Beyond regulatory action, Staley and Barclays now face class-action lawsuits in the U.S. alleging investor deception: shareholders claim the bank and Staley downplayed Epstein links to protect stock prices. A judge recently rejected efforts to dismiss the case, allowing it to proceed. Meanwhile, Staley has publicly accused the FCA of trying to “destroy” him, insisting he mostly had a professional relationship with Epstein and that he was transparent with regulators
to contact me:
[email protected]
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.