Overview

• Jes Staley, former Barclays CEO, is appealing a Financial Conduct Authority (FCA) decision that banned him from senior financial roles and fined him £1.8m over alleged misrepresentation of his ties to Jeffrey Epstein.
• Barclays chairman Nigel Higgins reportedly pressed then-FCA chief Andrew Bailey to expedite the investigation to avoid public disclosure, raising concerns about its impact on the bank and Staley's personal life.
• The FCA investigation was triggered by over 1,200 emails between Staley and Epstein, including exchanges referencing Disney characters, which regulators argued suggested a closer relationship than Staley disclosed.
• Staley's defense cited his dyslexia as a factor in potential misunderstandings, arguing he had no motive to mislead regulators about the nature of his connection with Epstein.
• The trial, which has revealed internal discussions at Barclays and the FCA, is set to continue, with Staley and Higgins expected to testify next week.