Barclays CEO quits after investigation into links with Jeffrey Epstein
CNN
The American chief executive of Barclays, Jes Staley, is stepping down with immediate effect following the conclusion of an investigation by British regulators into his relationship with disgraced financier Jeffrey Epstein, the bank said on Monday.
The investigation by the Financial Conduct Authority and the Bank of England's Prudential Regulation Authority was disclosed by Barclays in early 2020 and focused on how Staley had characterized the relationship to his employer.
"In view of those conclusions, and Mr Staley's intention to contest them, the board [of Barclays] and Mr Staley have agreed that he will step down from his role as group chief executive and as a director of Barclays," Barclays said in its statement on Monday.
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