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The Financial Conduct Authority (FCA) has fined former Barclays boss James Staley, £1.8m and banned him from holding top jobs in the finance industry after finding he misled them over his relationship with convicted sex offender Jeffrey Epstein.
The FCA found that the executive ‘recklessly approved’ a letter sent by Barclays to the FCA, which contained two misleading statements about the nature of his relationship with Jeffrey Epstein which hid the last contact he had with the disgraced financier.
It also concluded the bank boss acted “with a lack of integrity.”