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 When Jes Staley took over at Barclays, the veteran banker vowed to “strengthen trust” in the group after its reputation had been damaged by successive scandals. 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 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.