Ex-Barclays Boss Fined and Banned Over Jeffrey Epstein Ties

Jes Staley, former boss of Barclays banks, has been fined and banned from holding senior roles in the UK financial industry over his ties to Jeffrey Epstein.

Then-Barclays' CEO Jes Staley arrives at 10 Downing Street in London on Jan. 11, 2018. Peter Nicholls/Reuters

Former Barclays boss Jes Staley has been fined over $2 million and banned from Britain’s financial services industry after misleading regulators and the bank about his relationship with the late sex offender Jeffrey Epstein.

The Financial Conduct Authority (FCA) said in a statement on Oct. 12 that it found Mr. Staley had “recklessly” signed off on a letter sent by Barclays to the FCA that contained two misleading statements about the nature of his relationship with Mr. Epstein and around the circumstances of their last contact.