Barclays pays £2m-plus to ex-boss as profits tumble

JES STALEY, the Barclays CEO forced to stand down in the wake of investigations into his relationship with Jeffrey Epstein, got nearly £2.3 million from the bank last year.

- Simon English

Over his 12-month notice period he received £2 million in salary. There were also other benefits, such as pension and repatriation costs for moving back to the US.

Staley left following an investigation by the Financial Conduct Authority into how he had characterised his links to the notorious sex offender.

Staley always insisted he had been clear about having known and done business with Epstein, but that he knew nothing of his other activities.

The FCA report claimed Staley had not been entirely upfront. Staley is fighting its findings. Other monies perhaps owed to him by Barclays are suspended. The full amount is hard to calculate but runs into many millions.