Bank further distanced itself from its former chief executive who resigned in November 2021
was further distancing itself from its former chief executive, having previously expressed disappointment at his departure.
“The board has noted the recent allegations made in the context of proceedings involving Mr Jes Staley’s former employer, and against Mr Staley himself, in relation to events a few years prior to his joining Barclays. These allegations are serious and new,” Barclays saidIt defended its previous review of Staley’s prior relationship with Epstein, which took place in February 2020, saying it was “based on the information it had at the time and representations made by Mr Staley”.
“Barclays itself has received no material new evidence from regulators or law enforcement agencies since Mr Staley left in November 2021,” the bank added. Two lawsuits aimed at JP Morgan claim Staley “observed victims personally”, including “visiting young girls at Epstein’s apartments”, and exchanged 1,200 emails with the late financier that included photos of young women in seductive poses and referring to womenJP Morgan has countered that the lawsuits are “misplaced and without merit”, adding that the “plaintiffs have made troubling allegations concerning the conduct of our former employee, and if true he should be held responsible for his...
The US bank is also suing Staley, saying he should be made liable for any penalties the US bank may face as a result of lawsuits.
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