Barclays will be investigated by the New York ’s Financial Conduct Authority and Staley over allegations that its CEO, Jes Staley , attempted to discover the identity of a whistleblower who raised concerns about a senior executive. The bank’s “controls and culture” for whistleblowers will also be investigated. Barclays has confirmed that Financial Conduct Authority will be formally reprimanded and will see his bonus, which was expected to be worth up to £1.9m ( nearly £290m ) and a long-term incentive plan payment of up to £2.8m, significantly reduced. Staley , who became CEO in late 2015 , has apologised to the bank’s board.
Barclays will be investigated by the UK’s Financial Conduct Authority and the Prudential Regulation Authority over allegations that its CEO, Jes Staley, attempted to discover the identity of a whistleblower who raised concerns about a senior executive. The bank’s “controls and culture” for whistleblowers will also be investigated. Barclays has confirmed that Staley will be formally reprimanded and will see his bonus, which was expected to be worth up to £1.9m ($2.3m) and a long-term incentive plan payment of up to £2.8m, significantly reduced. Staley, who became CEO in December 2015, has apologised to the bank’s board.