Jes Staley, Barclays Bank boss QUITS before a report about his relationship to Jeffrey Epstein, private banker in the past job

Jes Staley, the boss of Barclays, announced his resignation with immediate effect. The bank’s board stated that it was “disappointed” by the Financial Conduct Authority’s (FCA) report into Jeffrey Epstein’s links to him.

Although the bank stated that it was made aware of the preliminary findings on Friday evening, it did not provide any further details.

Mr Staley stated that he will contest the findings. The bank also pointed out that there were no findings that Mr Epstein was aware or saw in the investigation.

From today, he will be replaced by Mr C S Venkatakrishnan who is the bank’s head for global markets.

Jes Staley and his wife Debbie Staley are pictured together in New York in March 2017

Jes Staley with his wife Debbie Staley in New York, March 2017.

Staley owns a yacht, Bequia, named after the Caribbean island where he spent his honeymoon

Staley owns a yacht named Bequia after the Caribbean island on which he spent his honeymoon.

Jes Staley (left) at Jeffrey Epstein's mansion in New York in 2011. Pictured (from left): Mr Staley; former Treasury Secretary Lawrence Summers; Epstein; Bill Gates, Microsoft's co-founder; and Boris Nikolic, who was the Bill and Melinda Gates Foundation's science adviser

Jes Staley (left), at Jeffrey Epstein’s New York home in 2011. Pictured from left: Mr Staley; ex-Treasury Secretary Lawrence Summers; Epstein and Bill Gates. Boris Nikolic was the Bill and Melinda Gates Foundation’s science adviser.