Barclays chief executive Jes Staley is probed over truth of his relationship with Prince Andrew’s convicted sex offender former friend Jeffrey Epstein
- Probed by both Financial Conduct Authority and Prudential Finance Authority
- Looking at his links to convicted paedophile, 66, during his time at JP Morgan
- Mr Staley got a £5.9million pay packet in 2019, up from £3.6million in 2018
Barclays’ chief executive Jes Staley is being investigated over his relationship with US convicted paedophile Jeffrey Epstein.
The Financial Conduct Authority (FCA) and the Prudential Conduct Authority will look the pair’s relationship during Mr Staley’s time running JP Morgan’s private bank.
Barclays has said its board believes Mr Staley has been sufficiently transparent about his ties to Epstein, whom he said he had not seen since taking over as Barclays CEO in 2015.
In 2019, Mr Staley received a staggering £5.9million pay packet, up from £3.36million in 2018.
Barclays’ chief executive Jes Staley is being investigated over his relationship with US convicted paedophile Jeffrey Epstein
The sum was boosted by the vesting of a Long Term Incentive Plan worth 1.48 million pounds. His bonus also rose to 1.65 million pounds reflecting the bank’s strong annual performance.
The bank meanwhile reported a better than expected profit before tax of 6.2 billion pounds for 2019, as its investment bank reported bumper returns from fixed income trading.
The British lender’s profit was 9 per cent higher than 2018 and above the 5.7 billion pounds average of analysts’ forecasts compiled by the bank.
Barclays paid a dividend of 9 pence for the year, compared with 6.5 pence for 2018.