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City regulators investigate Barclays boss Jes Staley

City regulators investigate Barclays boss Jes Staley

City regulators investigate Barclays boss Jes Staley

  • 10 April 2017
  • From the section Business

Barclays logoImage copyright
Reuters

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have opened an investigation into Barclays boss Jes Staley.

The bank will also dock Mr Staley’s pay in a “very significant compensation adjustment” and issue him with a formal written reprimand.

It relates to his conduct in a Barclays’ whistleblowing programme.

He tried to find out the identity of the writer of a letter that Barclays was treating as a “whistle blow”.

His attempt to uncover the author came to light early this year.

Source : BBC News – Business

City regulators investigate Barclays boss Jes Staley

City regulators investigate Barclays boss Jes Staley

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