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Staley Faces Congress Over Epstein Ties

Financial Times Companies •
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Former Barclays CEO Jes Staley has agreed to appear before Congress for an in-person interview regarding his relationship with convicted sex offender Jeffrey Epstein. The testimony represents a significant escalation of scrutiny over Staley's connections to Epstein while he led the British bank.

Barclays fired Staley in 2023 for failing to disclose details about his relationship with Epstein to regulators. The bank paid $15 million to settle SEC charges over Staley's misleading statements about Epstein's role at the company.

The Congressional hearing could expose additional information about Epstein's financial networks and the extent of Staley's involvement, potentially damaging both reputations further.