British financial regulators are investigating the relationship between Barclays CEO Jes Staley and convicted sex offender Jeffrey Epstein, who died in a prison cell last year.
In a statement released on Thursday, the bank announced that the widely reported ties between the financiers are the subject of an ongoing probe, launched by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). With the investigation focusing on whether that relationship was properly disclosed to the bank and regulators, the lender stressed that the CEO was “transparent” regarding “the nature and extent of his relationship with Mr. Epstein.”
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