A former Barclays bank boss has been banned from the UK.
Banking over misleading regulators about his ties to disgraced,
financier and sex offender.
Jeffrey Epstein
James J
Staley was CEO of Barclays for six years.
Now, the U K's financial conduct authority yesterday fined him £1.8 million or $2.2
million.
The authority also banned him from holding
a senior management or significant influence function.
In a statement, the FTFC A said, quote,
a CEO needs to exercise sound judgment and set an example to staff at their firm.
Mr Staley failed to do this.
It said he had a quote, close personal relationship with Mr Epstein
Sallie
step down as CEO in November 2021.