Barclays CEO fined in UK over whistleblower scandal [CNN]
Barclays PLC (BCS)
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Source: CNN
Barclays CEO fined in UK over whistleblower scandal Barclays CEO Jes Staley has survived a British investigation into his attempt to identify a whistleblower in 2016 but will have to pay a fine. Two UK regulators, the Financial Conduct Authority and the Prudential Regulation Authority, have concluded their investigation into Staley's actions and have told him to pay a "financial penalty" as punishment, Barclays ( BCS ) said in a statement on Friday. The bank did not say how much its CEO is expected to pay. The regulators found that Staley failed to act with "due skill, care and diligence" but did not accuse him of lacking integrity and ruled him fit to continue as CEO, the bank added. Related: Deutsche Bank accidentally sent a $35 billion payment The American banking executive admitted last year that he had "made a mistake" by attempting to find out who authored an anonymous letter that raised concerns about a senior Barclays employee. "I should have left the organization to
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