Barclays CEO to Stay in Job After Whistle-Blowing Probe [Bloomberg Business News]
Barclays PLC (BCS)
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Source: Bloomberg Business News
Barclays Plc Chief Executive Officer Jes Staley will keep his job after U.K. regulators said they had concluded their investigation into his attempts to unmask a whistle-blower. While the Financial Conduct Authority and Prudential Regulation Authority proposed that the CEO pay a financial penalty, they “are not alleging that he acted with a lack of integrity or that he lacks fitness and propriety to continue to perform his role as group chief executive officer,” the bank said in a statement on Friday. Barclays’s board has “unanimous confidence” in Staley and continues to recommend that he be re-elected at the annual general meeting on May 1, the company said. On top of the regulatory fine, the bank has already said it may claw back his entire 1.3 million-pound ($1.6 million) bonus for 2016. The lender reprimanded its CEO in April last year after discovering he had twice tried to identify a whistle-blower. Staley has also come under increasing pressure in hi
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