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
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

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

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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