US EditionJes Staley Fails to Overturn Ban over Epstein Links
- Jes Staley, former Barclays chief executive, failed to overturn a 2023 ban and fine by the FCA in a recent London tribunal decision.
- The ban followed an FCA finding that Staley misled the regulator about his close relationship with convicted sex offender Jeffrey Epstein.
- The tribunal unanimously dismissed Staley's challenge, confirming he had a professional and personal association with Epstein, maintained contact via his daughter, and approved misleading statements.
- Staley was fined £1,107,306.92 after the original £1.8 million penalty was reduced, while the FCA stated he acted recklessly and without integrity.
- The ruling emphasizes regulatory expectations for senior figures and leaves Staley with 14 days to appeal amid lasting reputational damage.
34 Articles
34 Articles
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 …
Staley's Appeal Against FCA Ban Over Epstein Ties Fails
Former Barclays CEO Jes Staley lost his appeal in a case against a financial industry ban proposed by the UK's Financial Conduct Authority over misleading statements about his relationship with Jeffrey Epstein. This decision, made by the Upper Tribunal, brings renewed attention to Staley's controversial ties with the disgraced financier.
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