By Jeff Dale2023-10-12T18:26:00
Former Barclays Chief Executive Jes Staley was fined 1.8 million pounds (U.S. $2.2 million) and banned from serving in a senior management role in the financial services industry by the U.K. Financial Conduct Authority (FCA) for allegedly misleading the regulator regarding his ties to disgraced financier Jeffrey Epstein.
Staley “recklessly” approved a letter from Barclays to the FCA that lied about the nature of his relationship with Epstein and when their last contact occurred, the regulator said Thursday in a press release.
Staley appealed the FCA’s decision to a tribunal.
2023-11-03T13:00:00Z By Neil Hodge
The U.K. Financial Conduct Authority’s decision to ban Jes Staley, the former CEO of Barclays, for misrepresenting his relationship with Jeffrey Epstein has seemingly reaffirmed the notion that everyone—even the boss—is accountable for their actions.
2023-09-26T16:59:00Z By Kyle Brasseur
JPMorgan Chase agreed to pay $75 million as part of a settlement with the government of the U.S. Virgin Islands regarding the bank’s ties to convicted sex offender Jeffrey Epstein.
2023-06-12T16:38:00Z By Kyle Brasseur
JPMorgan Chase announced it reached an agreement in principle to settle claims made in a class-action lawsuit regarding the bank’s ties to convicted sex offender Jeffrey Epstein.
2025-07-31T18:47:00Z By Adrianne Appel
More than 50 people and 50 ships connected to a top Iranian official were added to the U.S. Treasury’s sanctions list on Wednesday, according to the Office of Foreign Assets Control.
2025-07-31T16:44:00Z By Adrianne Appel
Kentucky took aim at Chinese company Temu, alleging in a lawsuit that it counterfeited popular Kentucky-designed merchandise and violated customers’ privacy.
2025-07-30T17:56:00Z By Aly McDevitt
The Department of Labor is using poultry processing company Mar-Jac Poultry as an example of what will happen when companies repeatedly employ underage workers in hazardous conditions. Hint: Companies can’t pin the blame on staffing agencies.
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