Jes Staley faces possible £1.8m fine and ban for masking Epstein friendship

Former Barclays CEO Jes Staley misled the Financial Conduct Authority about his relationship with disgraced financier Jeffrey Epstein, says the regulator - which wants to fine him £1,812,800 as well as ban him from senior roles in the industry.

Staley has referred the financial penalty and prohibition to the Upper Tribunal; therefore, the decisions are provisional pending the tribunal's findings.