FCA fines former Barclays CEO and bans him from senior roles

UK regulator says Staley lied about relationship with Jeffrey Epstein

Jes Staley
Jes Staley
Greg Beadle

The UK’s Financial Conduct Authority (FCA) has banned former Barclays chief executive Jes Staley from holding senior positions in finance, it announced on October 12. It issued the decision after concluding he had lied about his relationship with financier and sex trafficker Jeffrey Epstein.

The FCA also fined Staley more than £1.8 million ($2.2 million). Both penalties have been suspended while Staley appeals them to a specialised court called the Upper Tribunal.

Regulators judged Staley had

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