Tue, Jun 30, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Former Barclays CEO banned from finance for misleading FCA about Epstein ties

Friday, June 27, 2025

Matthias Knab, Opalesque:

The UK's Upper Tribunal has upheld the Financial Conduct Authoritys (FCA) decision to ban Jes Staley, former CEO of Barclays, from holding senior roles in financial services - after finding he misled regulators about the nature and timeline of his relationship with convicted sex offender Jeffrey Epstein.

The Tribunal found that Staley approved a letter sent to the FCA that contained false and misleading statements. The letter claimed that he was not close to Epstein and had ceased contact well before his appointment at Barclays. In fact, Staley referred to Epstein in private emails as one of his "deepest" and "most cherished" friends - and was still in contact with Epstein as late as 2017, long after he claimed the relationship had ended.

The FCA's investigation, supported by hundreds of emails, revealed that Staley had maintained a close personal relationship with Epstein for years and continued to engage with him both directly and indirectly well into his Barclays tenure. His statements to the regulator were found to be knowingly misleading, with the Tribunal concluding he acted recklessly and lacked integrity.

Therese Chambers, joint executive director of enforcement and market oversight at the FCA, stated:

"Mr Staley chose to take a calculated risk that we would take his inaccurate account of his relationship with Mr Epstein at face value. He hoped that the truth would never come to light and that he would get aw......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m