An investigation that led to the boss’s resignation was just the latest in a series of upsets during his stint at the bank

In August 2012, while sailing off Sweden in his 28-metre yacht the Bequia, Jes Staley took a series of calls that left him with the impression he was about to become chief executive of Barclays. The American had been in discussions with the outgoing Barclays chairman, Marcus Agius, and his successor.

Staley was passed over for the post at the time, and wouldn’t be appointed to the top job for another three years. While this gave him more time for sailing, in 2015, he made one trip he may wish he hadn’t: to see convicted sex offender and disgraced financier Jeffrey Epstein on his private Caribbean island.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Football manager Joey Barton charged with assault after woman injured

Former Manchester City midfielder who is now Bristol Rovers boss will appear…

ADHD may have been an evolutionary advantage, research suggests

Traits associated with the neurodevelopmental disorder could have helped early humans when…

The Bank of England is selling off its most valuable asset: the perception of competence | Duncan Weldon

It was the government that started this fire – but the Bank…