Ex-Barclays CEO Staley appeals UK ban over Epstein statements.
Former Barclays boss Jes Staley will on Monday mount a high-profile appeal against his proposed ban from Britain’s finance industry, which will once again highlight his relationship with disgraced financier Jeffrey Epstein.
Staley – also a former executive at JPMorgan, where Epstein was once a major private banking client – has been battling to clear his name since 2021, when he left Barclays under a cloud caused by his past association with Epstein.
Staley denies the allegations. In court filings, Staley says the FCA’s decision – which also includes a 1.8 million-pound ($2.3 million) fine – was made unfairly as it did not give him or Barclays an opportunity to explain how the key letter was approved.
His three-week appeal will hear evidence from high-profile figures from the world of finance, including Bank of England Governor Andrew Bailey, who was FCA chief executive between 2016 and 2020, and Barclays Chair Nigel Higgins.
It will also feature references to some of Epstein’s other well-known associates, such as Britain’s Prince Andrew and Peter Mandleson, now British ambassador in Washington.
Source: FINANCE.YAHOO
