Jes Staley Admits Sexual Encounter with Epstein Staffer Amid UK Regulatory Battle

Former Barclays CEO Jes Staley testified in court that he had a consensual sexual encounter with a member of Jeffrey Epstein's staff in a New York apartment owned by Epstein's brother. This admission came during his appeal against a proposed lifetime ban from financial services by the UK's Financial Conduct Authority (FCA), which alleges he misled regulators about his relationship with Epstein. Staley denied knowledge of Epstein's criminal activities, asserting that their relationship was professional rather than personal. His testimony also referenced the FCA's claims regarding misleading statements made in a 2019 letter from Barclays to regulators, which stated he had no close ties to Epstein. The FCA is seeking to fine Staley £1.8 million ($2.3 million) and impose the ban due to concerns over his conduct. Staley's case has revived scrutiny of Epstein's connections with various high-profile figures, including the implications of his past associations.