Barclays boss quits after Epstein probe by UK regulators

Mark Battersby
clock • 2 min read

Barclays chief executive Jes Staley is to step down following the UK's FCA and PRA investigations into his ties with convicted sex offender Jeffrey Epstein. C.S. Venkatakrishnan, head of global markets, will replace him as CEO with immediate effect. Barclays said it was made aware on Friday evening of the preliminary conclusions from the Financial Conduct Authority and the Prudential Regulatory Authority's investigation into Staley's characterisation to Barclays of his relationship with Epstein and the subsequent description of that relationship in Barclays' response to the regulator....

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