Barclays CEO Jes Staley probed after trying to find out who whistleblower was
Barclays and its CEO, Jes Staley, are under investigation after he attempted to uncover the identity of a whistleblower within the British financial giant, the bank said Monday. In a statement, Barclays said the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) had "commenced investigations into Jes Staley, as to his senior manager responsibilities relating to Barclays whistleblowing programme, and Barclays Bank". The board said it had accepted Staley’s explanation that he did not know that the bank was not allowed to try identify the author of a whistleblowing letter sent in 2016. "The board has concluded, that Mr Staley honestly, but mistakenly, believed that it was permissible to identify the author of the letter," it said. The bank vowed to "co-operate fully" with the FCA and PRA investigations and said that "a very significant compensation adjustment" would be made to Staley’s pay packet this year. Staley said he had apologised to the Barclays boar...
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