‘Barclays said financial authorities were looking into Mr. Staley’s relationship with Mr. Epstein, the financier who committed suicide after facing new allegations of sex trafficking.
Barclays said on Thursday that British financial regulators were investigating the relationship between James E. Staley, its chief executive, and Jeffrey Epstein, the financier who committed suicide last August after facing new allegations of sex trafficking of underage girls.
In a statement filed with the London Stock Exchange, the British bank said the Financial Conduct Authority and the Prudential Regulation Authority had begun an investigation into the relationship, which is ongoing.
“As has been widely reported, earlier in his career Mr. Staley developed a professional relationship with Mr. Epstein,” the statement said. Barclays added that Mr. Staley, who is known as Jes, has told the bank that he had no contact with Mr. Epstein after taking the top position at the bank in December 2015.
In its filing, Barclays said regulators were examining how Mr. Staley characterized the relationship with Mr. Epstein to the company, as well as what the company subsequently told the Financial Conduct Authority about it.’