Investment Banking

Jes Staley loses bid to overturn City ban over Epstein ties

Former Barclays CEO’s fine reduced from £1.8m to £1.1m

Thursday 26 June 2025 at 11:16

Jes Staley loses bid to overturn City ban over Epstein ties
Photo: Jaimi Joy/Getty Images

Former Barclays chief executive Jes Staley has failed to overturn the Financial Conduct Authority’s decision to ban him from senior City jobs, after a high-profile court battle over whether he misled the regulator about his ties to the late sex offender Jeffrey Epstein.

Upper Tribunal judge Tim Herrington sided with the FCA and ruled that Staley did not fully disclose to Barclays the nature of his relationship with the American financier.