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2mo ago

Jes Staley Defends Relationship with Jeffrey Epstein in FCA Tribunal

The former Barclays CEO contests a lifetime financial ban, denying misconduct and claiming his ties to Epstein were professional.

Former Barclays CEO Jes Staley walks near the court on the day Governor of the Bank of England Andrew Bailey gives evidence at London's Upper Tribunal in Staley's appeal against a proposed financial services ban over his relationship with disgraced financier Jeffrey Epstein, in London, Britain, March 7, 2025. REUTERS/Toby Melville/File Photo
A view shows signage on a branch of Barclays Bank in London, Britain, March 17, 2023. REUTERS/Peter Nicholls/File Photo
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Overview

  • Jes Staley, ex-Barclays CEO, is appealing a Financial Conduct Authority (FCA) lifetime ban and $2.3 million fine over alleged misleading statements about his relationship with Jeffrey Epstein.
  • Staley admitted to sharing client information with Epstein while at JPMorgan but denied any awareness of Epstein's criminal activities, calling them 'monstrous.'
  • The FCA alleges Staley had a relationship with Epstein that went beyond professional boundaries, citing over 1,000 emails and claims of shared confidential details.
  • Barclays Chair Nigel Higgins testified that the board did not fully investigate Staley's ties to Epstein before assuring the FCA of limited contact between the two.
  • Staley maintains that his interactions with Epstein were business-focused and regrets the association, claiming the FCA's actions have irreparably damaged his reputation.