Barclays freezes ex-CEO's $29 million bonus as regulators probe links to Jeffrey Epstein
CNN
Barclays is withholding shares worth as much as $29 million from former CEO Jes Staley, pending the outcome of an investigation by British banking regulators into his relationship with Jeffrey Epstein.
The bank said in its annual report published on Wednesday that it has suspended bonus and share payments to Staley while regulators probe his links to the financier, who killed himself in 2019 while awaiting trial on sex trafficking charges.
Staley owns 9.1 million unvested shares that are subject to performance measures, according to the annual report. He holds another 2.1 million unvested shares that are not subject to performance review. Those shares are worth roughly £21.3 million ($29 million) based on Tuesday's closing price.
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