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The former chief executive of Barclays Bank, Jes Staley, lost a legal challenge Thursday against a 2023 decision by Britain's financial regulator to ban him from holding senior financial roles in the United Kingdom for misleading it over the nature of his relationship with the late sex offender Jeffrey Epstein.
The case centered on a letter sent from Barclays to the Financial Conduct Authority in 2019, which claimed that Staley did not have a “close relationship” with Epstein and that their last contact was “well before” he joined the bank in December 2015.
He left the bank in 2021 following criticism of his ties to Epstein, who killed himself in a federal jail in August 2019, a month after his arrest on federal sex trafficking and conspiracy charges.
