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Barclays CEO 'deeply regrets' Epstein relationship
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LONDON (AP) — Barclays chief executive Jes Staley said Thursday that he deeply regrets his relationship with Jeffrey Epstein, as the bank revealed that British financial regulators are investigating whether Staley had disclosed the full truth about his ties to the convicted sex offender.
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In a statement to the London Stock Exchange, Barclays said that “as has been widely reported, earlier in his career Mr. Staley developed a professional relationship with Mr. Epstein.”
The bank said the two men were acquainted when Staley ran the private banking division of JP Morgan, but that Staley had had no contact with Epstein after joining Barclays in December 2015.
Barclays said the Financial Conduct Authority had asked last year about the relationship, and the company had responded.
But it said the FCA and U.K. banking regulator the Prudential Regulation Authority were now investigating “Mr. Staley’s characterization to the company of his relationship with Mr. Epstein and the subsequent description of that relationship in the company's response to the FCA."