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Barclays silent as JPMorgan distances itself from Epstein-linked Jes Staley

With Staley contesting the findings of the UK regulatory probe, the British lender is maintaining a steady silence even as questions mount about its decision making over his departure

Photo: Bloomberg
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Photo: Bloomberg

Harry Wilson | Bloomberg
JPMorgan Chase & Co. didn’t pull any punches this week when it abruptly moved to distance itself from Jes Staley. Accusing him of repeated “acts of disloyalty” and “intentional and outrageous conduct” over his ties with deceased pedophile financier Jeffrey Epstein, the bank’s lawsuit seeks to clawback $80 million of past pay.
 
Across the Atlantic, another former employer is proving more reserved. Barclays Plc, which stood by Staley as its regulators probed whether he had mischaracterized his relationship with the sex offender, hasn’t updated its public position on its former chief executive officer since he stepped down in November 2021,