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Jes Staley Faces Scrutiny Over Relationship with Jeffrey Epstein in FCA Tribunal

The former Barclays CEO denies misleading regulators about his ties to Epstein as evidence of close personal connections is presented in court.

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
Jes Staley, the former CEO of British multinational bank Barclays PLC returns from lunch during his case at the High Court (Rolls Building) on March 7, 2025 in London, England.
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The Financial Conduct Authority is seeking to ban Jes Staley from holding senior jobs in the City over allegations that the former Barclays boss “recklessly misled’ the regulator about his relationship with Jeffrey Epstein

Overview

  • Jes Staley, former Barclays CEO, is contesting a Financial Conduct Authority (FCA) lifetime ban and £1.8 million fine for allegedly misleading regulators about his relationship with Jeffrey Epstein.
  • Emails presented in court reveal Staley and Epstein referred to each other as 'family,' with Epstein describing Staley as a close friend to figures like Prince Andrew and others.
  • The FCA alleges Staley misrepresented the depth of his ties to Epstein, citing over 1,000 emails and instances of continued contact after Epstein's 2008 conviction for soliciting a minor.
  • Staley admitted to a consensual sexual encounter with a member of Epstein's staff but denied awareness of Epstein's criminal activities, describing their relationship as professional and personal.
  • The court also examined Epstein's involvement in supporting Staley's daughter's academic career, with Staley expressing frustration over what he called an invasion of privacy.