Barclays boss fined British regulators and Barclays have fined the bank’s CEO, Jes Staley, a combined £1.1m after he tried to identify a whistleblower who sent letters criticising an employee. The Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority said last Friday they had fined Staley £642,000. That included a 30% discount for him agreeing at an early stage to settle. Barclays imposed a £500,000 cut to his 2016 pay. Dropbox surprise File-sharing and storage company Dropbox beat Wall Street expectations for quarterly results last Thursday and topped estimates for paying subscribers in its first financial report as a publicly traded company. However, the company’s shares, which had gained 10% last week ahead of the earnings, slipped 4% in extended trading on the day. The company said the number of paying subscribers had surged 23.7% to 11.5m at the end of March, topping analysts’ average estimate of 11.3m, according to Thomson Reuters I/B/E/S. Dropb...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.