Barclays is withholding shares worth as much as $29 million from former CEO Jes Staley, pending the outcome of an investigation by British banking regulators into his relationship with Jeffrey Epstein.
Highlights
- Barclays is withholding shares worth as much as $29 million from former CEO Jes Staley pending the outcome of an investigation by British banking regulators into his relationship with Jeffrey Epstein.
- The bank said in its annual report published on Wednesday that it has suspended bonus and share payments to Staley while regulators probe his links to the financier.
- Staley owns 9.1 million unvested shares that are subject to performance measures, according to the bank’s annual report.
- The Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority are investigating Staley’s relationship with Epstein.
- Epstein, a multimillionaire and convicted pedophile who was charged with sex trafficking, died in a New York jail cell.