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"In its response, Barclays relied on information supplied by Mr Staley. Mr Staley confirmed the letter was fair and accurate," the FCA said. "In reality, in emails between the two Mr Staley described Mr Epstein as one of his 'deepest' and 'most cherished' friends," it added. "The FCA has found that Mr Staley was aware of the risk that his association with Mr Epstein posed to his career," the watchdog added. "Mr Staley failed to do this.

Persons: Jes Staley, Jeffrey Epstein, Staley, Arnold, Porter, Epstein, Mr Staley, Mr Epstein, Therese Chambers, JP Morgan Chase JPM.N, JP Morgan, Huw Jones, Sinead Cruise, Kirstin Ridley, Iain Withers, Alexander Smith Organizations: Authority, Barclays, FCA, Bank of England, Barclays Board, U.S . Virgin, Thomson Locations: New York

"Mr Staley failed to do this. "In its response, Barclays relied on information supplied by Mr Staley. "In reality, in emails between the two Mr Staley described Mr Epstein as one of his 'deepest' and 'most cherished' friends," it added. "The FCA has found that Mr Staley was aware of the risk that his association with Mr Epstein posed to his career," it added. In an email titled 'Friendship' in October 2015, Staley wrote: "You never wavered in our friendship these last three years.

Persons: Jes Staley, Jeffrey Epstein, Mr Staley, Epstein, Staley, Arnold, Porter, Mr Epstein, Therese Chambers, JP Morgan Chase JPM.N, JP Morgan, Huw Jones, Sinead Cruise, Kirstin Ridley, Iain Withers, Alexander Smith Organizations: Ex, Barclays, Authority, FCA, Barclays Board, U.S . Virgin, Thomson Locations: New York

☆ Jes Staley: UK FCA bans former Barclays CEO for failing to disclose Epstein ties
▼ + stars: | 2023-10-12 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

Mr Staley failed to do this,” Therese Chambers, joint executive director of enforcement and market oversight at the FCA, said in the statement. The FCA found that Staley “recklessly” approved a letter Barclays sent to the watchdog, which contained two misleading statements, the agency said. The letter, in response to an FCA request in August 2019, claimed that Staley did not have a close relationship with Epstein. “In reality, in emails between the two Mr Staley described Mr Epstein as one of his ‘deepest’ and ‘most cherished’ friends,’” the FCA said. The Barclays letter also claimed Staley had ceased contact with Epstein well before he joined the British bank in December 2015.

Persons: London CNN — James “ Jes ” Staley, Jeffrey Epstein, “, Mr Staley, ” Therese Chambers, Mr Epstein, ” Epstein, Staley “, ”, Staley, Epstein, ’ Organizations: London CNN, JPMorgan Chase, Barclays, Financial, Authority, Staley, FCA, British, JPMorgan Locations: New York

☆ Former Barclays CEO Staley fined and banned by UK regulator over Epstein links
▼ + stars: | 2023-10-12 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Jes Staley, former CEO of Barclays, arrives at the offices of Boies Schiller Flexner LLP in New York on June 11, 2023. LONDON — Former Barclays CEO Jes Staley on Thursday was fined and banned from holding any position of influence in the U.K. financial services industry for misleading the regulator over his relationship with sex offender Jeffrey Epstein. "Mr Staley is an experienced industry professional and held a prominent position within financial services. Emails subsequently emerged in which Staley described Epstein as one of his "deepest" and "most cherished" friends, the FCA confirmed. Barclays' letter also claimed Staley had ceased contact with Epstein long before he joined the bank in December 2015.

Persons: Jes Staley, Boies Schiller Flexner, Jeffrey Epstein, Staley, Epstein, Therese Chambers, Mr Staley, Mr Epstein, Chambers Organizations: Barclays, LONDON, Financial, Authority, Staley, FCA, Barclays Board, Manhattan's Metropolitan Correctional Center Locations: New York, LONDON —, Manhattan's

☆ Shareholder group ISS backs Barclays board over former CEO Staley
▼ + stars: | 2023-04-17 | by ( Sinead Cruise | ) www.reuters.com time to read: +3 min

LONDON, April 17 (Reuters) - Institutional Shareholder Services (ISS) has recommended Barclays investors re-elect all board members at next month's annual meeting, sapping the momentum of protests against bosses for supporting former CEO Jes Staley who is being investigated over his links with sex trafficker Jeffrey Epstein. Investors should instead await the outcome of various investigations into the matter, ISS said. Staley has acknowledged having been friendly with Epstein, but expressed regret for their relationship and has denied knowing about the financier's criminal activities. JPMorgan, in turn, has sued Staley over "outrageous" alleged conduct and breaching his duty of loyalty to the bank. Barclays docked bonuses earned by Morzaria and its current top executives by a combined 1 million pounds ($1.24 million) in February over the blunder.

☆ Proxy advisor ISS urges investors to back Barclays board
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

Staley has acknowledged having been friendly with Epstein, but expressed regret for their relationship and has denied knowing about the financier's criminal activities. The notice also said Staley's unvested long-term bonuses remained suspended pending further developments, adding that the board would "consider further action as appropriate". JPMorgan, in turn, has sued Staley over "outrageous" alleged conduct and breaching his duty of loyalty to the bank. Staley's lawyers have dismissed allegations that he hid what he knew about the late disgraced financier as "slanderous" and "false". Reporting By Sinead Cruise, editing by Lawrence WhiteOur Standards: The Thomson Reuters Trust Principles.

☆ Barclays calls allegations against former CEO Staley 'serious and new'
▼ + stars: | 2023-03-27 | by ( Iain Withers | ) www.reuters.com time to read: +3 min

LONDON, March 27 (Reuters) - Barclays (BARC.L) has said recent allegations against its former Chief Executive Jes Staley are "serious and new", after U.S. lawsuits alleged he had a close relationship with Jeffrey Epstein and alleged involvement in his sex-trafficking operation. "The Board's original review, conducted in February 2020, was based on the information it had at the time and representations made by Mr Staley," the notice added. The comments are Barclays' most substantive remarks on Staley since he left the bank in November 2021. Epstein was a former client of Staley's when he previously worked at U.S. bank JPMorgan (JPM.N). Staley has acknowledged having been friendly with Epstein, but expressed regret for their relationship and denied knowing about the financier's alleged crimes.

Say hi to Snow White," Staley emailed Epstein in July 2010, according to filings on Wednesday with the U.S. District Court in Manhattan. "Beauty and the Beast," Staley allegedly responded, to which Epstein replied: "Well one side is available," according to the filing. According to the lawsuit, Staley exchanged around 1,200 emails with Epstein from his JPMorgan email account between 2008 and 2012. Staley allegedly wrote to Epstein on Nov 1, 2009, describing his relationship with Epstein as "profound". One month later, Staley allegedly wrote to Epstein to say how great it had been to give him "a long, heartfelt hug", after which Epstein allegedly sent Staley two pictures of young women.

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