Barclays freezes £22m bonuses of former boss amid Epstein links probe

clock • 3 min read

International banking giant Barclays has revealed that it has frozen £22m of bonus share awards made to its former boss Jes Staley while an investigation into his relationship with disgraced financier and convicted sex offender Jeffrey Epstein is ongoing. Following the publication of the Barclay's 2021 annual report,  the company revealed it has suspended Mr Staley's unvested long-term bonus share awards pending a regulatory probe by UK financial watchdog Financial Conduct Authority. Staley left the bank last November after the FCS began a probe into his links to the dead sex traffi...

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Gary Robinson

Commercial Director, Head of Video at International Investment.