Britain's financial regulator said on Thursday it has decided to fine former Barclays chief executive James Staley 1.8 million pounds for 'recklessly misleading' the watchdog over his relationship with disgraced financier Jeffrey Epstein.
LONDON, Oct 12 - Britain's financial regulator said on Thursday it has decided to fine former Barclays chief executive James Staley 1.8 million pounds for "recklessly misleading" the watchdog over his relationship with disgraced financier Jeffrey Epstein.Following consideration of the FCA findings, Barclays said on Thursday its Remuneration Committee has concluded Staley should be ineligible for, or forfeit bonuses and long-term incentives totalling 17.8 million pounds .
The watchdog asked Staley in August 2019 to explain what he had done to satisfy himself that there was no impropriety in the relationship between himself and Epstein.
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