Barclays CEO Jes Staley Quits Amid Probe Into Epstein Ties

0
80

[ad_1]

Barclays mentioned Monday that CEO Jes Staley is stepping down amid a probe into his ties with Jeffrey Epstein.
Barclays mentioned Staley had on Friday seen “preliminary conclusions” from a regulatory probe.
Epstein was arrested in July 2019 and charged with baby sex-trafficking. He hanged himself in jail a month later.

Loading
One thing is loading.

Barclays CEO Jes Staley is stepping down from the financial institution with fast impact amid a regulatory probe into his relationship with Jeffrey Epstein.Barclays mentioned in a press release Monday it was made conscious of “preliminary conclusions” from the investigation, by UK monetary regulators, on Friday night.”In view of these conclusions, and Mr Staley’s intention to contest them, the Board and Mr Staley have agreed that he’ll step down from his function as Group Chief Government and as a director of Barclays,” Barclays mentioned.”It ought to be famous that the investigation makes no findings that Mr Staley noticed, or was conscious of, any of Mr Epstein’s alleged crimes, which was the central query underpinning Barclays’ help for Mr Staley following the arrest of Mr Epstein in the summertime of 2019,” the financial institution added.

CS Venkatakrishnan, head of worldwide markets, will take over as Barclays CEO efficient instantly.Shares in Barclays fell by 3.4% in early buying and selling in London on Monday.Disgraced financier Epstein was arrested in July 2019 and charged with baby sex-trafficking. He hanged himself in jail a month later.

[ad_2]