Barclays Boss Jes Staley Investigated by City Regulators

  • As per reports, an investigation against Jes Staley, the chief executive of British multinational banking and financial services company Barclays has been opened by The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) for his conduct in a whistleblowing case.

    Reports further say that he tried to find out who wrote a whistleblowing letter to the bank.

    Staley's pay may be docked by as much as £1.3m or he may lose all of his annual bonus.

    A formal written reprimand will also be issued against him.