The American boss of one of Britain’s greatest banks is being investigated over his ties to late pedophile Jeffrey Epstein, it emerged Thursday.
Barclays chief govt Jes Staley, 64, insists he solely had a “skilled relationship” with Epstein — however maintained contact with him for a number of years, even after he was convicted of having intercourse with underage women.
The bank says it challenged Staley over his ties to the perverted moneyman final 12 months when the Epstein scandal blew up after he was charged with additional severe intercourse crimes and in the end hanged himself. The corporate concluded that it had no issues over the best way its chief govt characterised the character and extent of his relationship with the convicted intercourse offender, the Guardian experiences.
That data was used to defend the banker in an preliminary probe by Britain’s Monetary Conduct Authority (FCA), Barclays mentioned in a press release to the London Inventory Change.
Nevertheless, the UK’s Prudential Regulation Authority has now joined the FCA in an ongoing investigation, difficult the “characterization” of the connection, Barclays confirmed.
The Boston-born banker mentioned he “deeply regrets” his friendship with the pedophile, whom he first met in 2000 when he took cost of JP Morgan’s non-public banking division and Epstein was “already a shopper” in New York.
“The connection was maintained throughout my time at JP Morgan, however as I left JP Morgan, the connection tapered off fairly considerably,” insisted Staley, who spent a lot of his profession within the Massive Apple.
Staley mentioned his final contact was in the summertime and autumn of 2015, seven years after Epstein was convicted and jailed for intercourse with a minor. The banker insists he had no additional contact after becoming a member of Barclays in December 2015.
“Clearly I believed I knew him nicely and I didn’t,” Staley advised reporters of Epstein.
“For certain, with hindsight with what we all know now, I deeply remorse having any relationship with Jeffrey.”
The board of Barclays mentioned Thursday that it retained confidence in Staley and would suggest him for re-election on the bank’s shareholders’ assembly in Could.
Barclays’ annual report reveals Staley took residence $7.73 million in a single 12 months, the Solar says.
Barclays shares had been down 2.5% at $2.27 on the London Inventory Change.
With Publish wires