Staley faces FCA ban over Epstein ties, court hears

Jes Staley, the former CEO of Barclays, is currently challenging a ban imposed by the Financial Conduct Authority (FCA) due to his relationship with Jeffrey Epstein. During tribunal hearings, it was revealed that Staley shared client information, including details on deals and pay negotiations, with Epstein while working at JP Morgan, where he served as a private banker. Staley initially claimed he had no close relationship with Epstein, but evidence presented suggested he pushed to retain Epstein as a client despite known human trafficking concerns. Staley acknowledged sharing non-public client information but maintained he was unaware of the full extent of Epstein's criminal activities. The tribunal also highlighted internal communications from JP Morgan reflecting concerns over Staley's connections with Epstein. Staley's defense argues that he believed Epstein's past offenses were isolated incidents and denies any wrongdoing in the sharing of client data.