Staley’s Epstein links mar Barclays’ solid CIB results

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By Jasper Cox
13 Feb 2020

Barclays posted another strong set of returns from the corporate and investment bank (CIB) on Thursday, but the disclosure that UK regulators are investigating chief executive Jes Staley’s relationship with the late sex offender Jeffrey Epstein was described as a “red flag”.

Staley has doubled down on Barclays’ CIB, in spite of activist investor Edward Bramson’s demands for it to be cut back and competitors choosing to retrench. In 2019, the bank faced down Bramson and showed strong results in CIB. This performance continued into the fourth quarter, according to ...

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