Jes Staley loses legal case over City ban for misleading watchdog over Epstein links | Jes Staley

Former Barclays CEO Jes Staley lost a legal challenge against the British regulator and forbade him for life because he misleaded his guard dog about his relationship with Jeffrey Epstein, a convicted sex criminal.

The case emphasized a letter that Barclays sent to the Financial Behavior Authority (FCA) in 2019 and declared that the couple had no close relationship ”and that Staley’s last theme with Epstein was“ earlier ”.

However, a subsequent investigation by Staley’s former employer JP Morgan, a subsequent investigation by FCA, which was triggered by 1st Post cache, concluded that the couple was “really close ve and a relationship that is görmek going beyond a professional in nature”.

The American banker appealed the decision in the upper court and led to a two -week hearing of high -profile figures, including Barclays chair Nigel Higgins and the Governor of England Andrew Bailey in March. Staley also faced about four -day inquiry.

Timothy Herrington, the judge of the upper court, decided in favor of FCA, that is, the ban on Staley’s playing role in the financial services sector was approved.

Staley has 14 days to object to the decision to decide the Supreme Court.

More details soon …