Jes Staley, the chief executive of Barclays, is being investigated by UK financial regulators over his links to convicted sex offender Jeffrey Epstein.

The UK bank said in a statement on 13 February that the Financial Conduct Authority and Prudential Regulation Authority had “commenced an investigation, which is ongoing, into Staley’s characterisation to the company of his relationship with Epstein and the subsequent description of that relationship in the company’s response to the FCA”.