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City watchdogs look into Jes Staley's relationship with sex offender Epstein; Barclays board backs Staley in spite of probes

Feb 14, 2020 - City A.M.

JES STALEY, the boss of Barclays, is under investigation by two City watchdogs over his links to the sex offender Jeffrey Epstein.

Barclays announced yesterday that the Financial Conduct Authority (FCA) and Bank of England's Prudential Regulation Authority (PRA) were investigating Staley's characterisation of his relationship with Epstein "and the subsequent description of that relationship".

The pair met when Staley worked at JP Morgan's private banking division, which counted the d...