Source: the guardian.com 10 April 2017
“Jes Staley’s bonus to be ‘very significantly cut’ after he apologised for breach of rules in what Barclays admits is a serious offence”
“The chief executive of Barclays is being investigated by financial regulators and faces a significant cut to his pay after admitting trying to unmask a whistleblower who made allegations about a long-term associate he had brought to the bank.”
“Jes Staley twice attempted to use Barclay’s internal security team to track down the authors of two anonymous letters sent to the board and a senior executive at the bank last June. On the second occasion, the security team received assistance from a US law enforcement agency, but still failed to identify the whistleblowers.
The letters are understood to have made allegations about the previous conduct of Tim Main, who worked with Staley at US bank JP Morgan and was then recruited to Barclays in a senior role last June.”