Hints and tips:
...In today’s newsletter: FTX on trial Jes Staley’s Epstein reckoning Apollo agrees a UK deal Caroline Ellison vs SBF Never mix business with pleasure, as the adage goes....
...Mr Staley in any communications with Mr Epstein, ever.”...
...The emails between the two men — dating back to Mr Staley’s time as an executive at JPMorgan when Epstein was a client of the bank — suggested their relationship was friendlier than claimed by Mr Staley,...
...The regime has already seen Jes Staley, the chief executive of Barclays, fined for twice trying to uncover the identity of an anonymous whistleblower, although the allegations in that case did not involve...
...Mr Staley is said to be unaware that Epstein named him in that capacity. It is not the first time that Mr Staley’s relationships have tarnished his tenure at Barclays....
...“Mr Staley was penalised under [code of conduct rules] because he was a senior manager [ . . .]...
...Shares in Barclays and StanChart have remained in negative territory since Mr Staley and Mr Winters started in their current jobs in June and December 2015, respectively....
...Mr Staley’s role is under scrutiny but there are also questions about the bank’s procedures and rules around the protection of whistleblowers....
...The FCA and the BoE’s Prudential Regulation Authority instead fined Mr Staley £640,000....
...The only public finding by the FCA under the regime to date has been the fine on Jes Staley, the chief executive of Barclays, for twice trying to uncover the identity of an anonymous whistleblower....
...Mr Staley became the first person to be publicly fined under the SMCR, receiving a £642,000 fine....
...The FT’s Caroline Binham has the full story here. Job moves Ardagh has appointed Philip Hammond, the UK’s former chancellor of the exchequer, to its board....
...Mr Staley became the first person to be penalised under the FCA’s senior managers regime, which aims to hold top managers responsible for failings on their watch, receiving a £642,000 fine....
...That includes the £642,400 fine in April against Barclays chief executive Jes Staley for twice trying to uncover the identity of a whistleblower....
...Mr Staley survived an unrelated investigation by the UK’s two financial regulators into his attempt to unmask the identity of a whistleblower....
...The £1.1m hit is unlikely to make much of a dent on Mr Staley’s wealth....
...In May, it imposed an unprecedented fine on Barclays chief executive Jes Staley after he tried to uncover the identity of a whistleblower....
...Just a year ago, the problems were coming thick and fast for Jes Staley....
...That would have meant Mr Staley would no longer be able to serve as chief executive....
...The bank said on Friday that it has docked Mr Staley’s 2016 bonus by £500,000 over the issue....
...They have sent Mr Staley their draft findings, and he now has 28 days to respond....
...The first public test of the rules was the case of Jes Staley, the chief executive of Barclays, who was fined a total of £642,000 earlier this year for twice trying to unveil the identity of an anonymous...
...Mr Staley, who was paid a total of £3.9m last year, received a £1.3m bonus in 2016....
...Its first major test of the Senior Managers Regime and the whistleblowing rules saw Jes Staley, the chief executive of Barclays, receive a fine of nearly £650,000 last month for trying to uncover the identity...
...The regulators backed the decision by the Barclays board to allow Mr Staley to keep his job, while fining him £642,430, or 14 per cent of his annual pay....
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