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2mo ago

Former Barclays CEO Jes Staley Admits to Sexual Encounter with Jeffrey Epstein’s Staff Member

The admission, revealed during a London tribunal, adds to scrutiny of Staley's ties to Epstein and his appeal against a financial services ban.

Former Barclays CEO Jes Staley walks near the court on the day Governor of the Bank of England Andrew Bailey gives evidence at London's Upper Tribunal in Staley's appeal against a proposed financial services ban over his relationship with disgraced financier Jeffrey Epstein, in London, Britain, March 7, 2025. REUTERS/Toby Melville/File Photo
James Staley, Chief Executive Officer,Investment Bank J.P. Morgan speaks at the Robin Hood Veterans Summit at Intrepid Sea-Air-Space Museum on May 7, 2012 in New York City.
Jes Staley, the former CEO of British multinational bank Barclays PLC returns from lunch during his case at the High Court (Rolls Building) on March 7, 2025 in London, England.
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Overview

  • Jes Staley, former Barclays CEO, admitted in court to having a consensual sexual encounter with a member of Jeffrey Epstein's staff at an apartment owned by Epstein's brother in New York.
  • The admission came during Staley's appeal against a lifetime ban and £1.8 million fine imposed by the UK Financial Conduct Authority (FCA) for allegedly misleading regulators about his relationship with Epstein.
  • The FCA presented over 1,000 emails between Staley and Epstein, highlighting their close relationship, including exchanges referring to Epstein as 'family' and discussing Disney character references.
  • Staley denied awareness of Epstein's criminal activities and claimed his relationship with Epstein was professional, though evidence suggested personal ties persisted after Epstein's 2008 conviction.
  • The tribunal is also examining whether Staley misled Barclays and regulators in 2019 by downplaying his relationship with Epstein; a decision on the appeal is expected in the coming months.