Overview

• Jes Staley, former Barclays CEO, is appealing a £1.8 million fine and lifetime ban from senior financial roles imposed by the Financial Conduct Authority (FCA) in 2023.
• The FCA alleges Staley misled regulators about the timeline and depth of his relationship with Jeffrey Epstein, claiming their contact ended before his Barclays tenure began in 2015.
• Evidence presented includes over 1,200 emails and claims that Staley maintained contact with Epstein until at least 2017, including through his daughter.
• Staley admitted sharing career-related information with Epstein and described him as a mentor but denies knowledge of Epstein’s criminal activities.
• Closing arguments reveal Staley’s alleged motive was to avoid reputational damage, career loss, and potential lawsuits from Epstein’s victims.