Jes Staley was a former Barclays boss and exchanged 1200 emails over four-years with Jeffrey Epstein, a billionaire sex offender.
This was before the UK regulators examined their emails.
Last week, Mr. Staley (64) resigned as Barclays’s chief executive after receiving the outcome of an official City investigation.
Barclays had already heard from him that he was Epstein’s private Banker at JP Morgan.
Jes Staley was a former Barclays chief (pictured) and exchanged 1,200 emails over a period of four years with Jeffrey Epstein.
It is believed, however that Epstein could have played a minor role in Epstein’s affairs.
Many of the emails between Mr Staley and Epstein, dating from 2008 to 2012, were general in nature – talking about meeting up for drinks or news stories. The chummy tone and the unexplained mention of’snowwhite’ will cause eyebrows to rise.
According to Financial Times, there have not been any conclusions drawn by Prudential Regulation Authority and Financial Conduct Authority regarding the expression.
Kathleen Harris was a lawyer representing Mr Staley and stated: “We want to be clear that our client did not participate in any of Epstein’s alleged crimes, and Mr Staley never used codewords in any communication with Epstein.
Jeffrey Epstein (pictured) killed himself in 2019 while awaiting trial on sex trafficking charges in America
Epstein committed suicide in 2019, while waiting for his trial on charges of sex trafficking.
Staley was first connected to Epstein in the 2000s, as Epstein managed billionaire money.
The two became so close that Staley was able to visit Epstein in Florida while he was in Florida prison for procuring and soliciting prostitution.
As with others like the Duke and Duke of York, Staley maintained contact with him throughout his life.
After he quit the US bank, he said that their relationship started to “taper off”. Just a few months prior to joining Barclays, in 2015, Staley with his wife, sailed their 90-foot yacht to Epstein’s private Caribbean island Little Saint James for lunch. Epstein was convicted of many crimes committed against the underage girls.
Mr. Staley is married to Debbie and has been taken over by CS Venkatakrishnan at Barclays. The bank said last week he was entitled to 12 months’ notice and so will continue to receive his current fixed annual pay of £2.4million in cash, Barclays shares, a pension allowance of £120,000 and other benefits until October 31 next year.
Barclays referred to an older statement in which he stated that ‘The investigation does not find that Mr Staley was aware or saw any Epstein’s crimes. He reportedly said that he would contest the FCA/PRA initial findings.