Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

Barclays' CEO Resigns After Probe into Relationship with Jeffrey Epstein

  • By Al Mayadeen
  • Source: Agencies
  • 1 Nov 2021 15:58
3 Min Read

The resignation was preceded by the announcement of preliminary investigation results into the Staley-Epstein relationship on Friday.

  • x
  • Barcalys' CEO Resigns After Probe into Relationship with Jeffrey Epstein
    Jes Staley (left), Lawrence Summers, Jeffrey Epstein (center), Bill Gates and Boris Nikolic at Jeffrey Epstein’s Manhattan house.

On Monday, Barclays had announced Jes Staley's decision to resign after British regulators probed into his relationship with financier Jeffrey Epstein's. Staley claims the pair severed all contact in 2015, when he assumed his position as CEO in the banking giant. 

Following the announcement, Barclays' shares fell 2%.

On Friday evening, Barclays saw the preliminary conclusions provided by the Financial Conduct Authority and the Prudential Regulatory Authority's probe into the relationship between "suicided" sex offender Jeffrey Epstein and the Barclays director.

"In view of those conclusions, and Mr Staley's intention to contest them, the board [of Barclays] and Mr Staley have agreed that he will step down from his role as group chief executive and as a director of Barclays," the British bank said in a statement on Monday.

According to Staley, his decision to resign aims at relieving the financial institution from any "distractions" caused by his "personal response".

"It should be noted that the investigation makes no findings that Mr Staley saw, or was aware of, any of Mr Epstein's alleged crimes, which was the central question underpinning Barclays' support for Mr Staley following the arrest of Mr Epstein in the summer of 2019," the bank added.

Related News

Barclays liquidates shares in Israeli arms contractor Elbit Systems

Banks give $7tln to fossil fuel firms since Paris deal: Report

The relationship between Staley and Epstein began at JPMorgan, another banking giant where Staley served as head of the investment banking division for more than 30 years. Epstein was a major private client at the time until 2013, with his relationship with Staley starting to taper off right after.

Reporters asked whether Staley regretted his relationship with the pedophile, to which he responded: "Obviously I thought I knew him well and I didn't. And for sure with hindsight of what we all know now I deeply regret having had any relationship with Jeffrey Epstein."

Although Staley claimed that this relationship ended after he left JPMorgan Chase, UK regulators have their doubts: "Although detail is limited, it appears regulators believe there was a distinct lack of transparency over this relationship," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, a UK broker. "It's understood Mr Staley will contest the conclusions, and clearly the board want to distance Barclays from what could be a long drawn out process."

Barclay's share price has fallen 9% since Staley became CEO of the bank in 2015.

CS Venkatakrishnan, the bank’s former head of global markets, will be appointed as the CEO immediately, the bank said.

In 2018, UK financial regulators and Barclays fined Staley $1.5 million in 2018 after he attempted to identify a whistleblower at the bank, who had sent anonymous letters about a senior Barclays employee. 

Epstein was found dead in his prison cell - one designed for preventing suicide - on August 10, 2019. His death remains questioned by many, notably as his list of connections and clientele was expansive and included highly powerful and influential figures, such as former US President Bill Clinton, former US President Donald Trump, former US Secretary of State Hillary Clinton, and UK’s Prince Andrew.

Last August, a victim of sex trafficking sued Prince Andrew for sexual abuse. She claimed to have been abused by the Prince on multiple occasions when she was 17, including in Epstein's partner Ghislaine Maxwell’s London home.

  • Barclays
  • Jeffrey Epstein

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS