Jes Staley leaves Barclays: CEO exits bank after shock report on Epstein links November 1, 2021 Embattled Barclays chief Jes Staley has left his post over his ties with with late convicted sex offender Jeffrey Epstein. Staley will leave his role as chief executive of the bank with immediate effect after a probe into his links with Epstein suggested he mischaracterised the relationship to his employer and UK regulators. The bank’s [...]
Share of Brits working from the office rises to pre-lockdown level, as remote working appeal fades March 5, 2021 Share of Brits working from the office rises to pre-lockdown level
British banks set to hand out hundreds of millions in staff bonuses February 6, 2021 Britain’s largest banks are finalising plans to hand out hundreds of millions of pounds in staff bonuses next week, at the same time loan losses are expected to catapult during the pandemic. Taxpayer-backed lender Natwest Group has informed the Treasury that it is poised to distribute more than £200m in staff bonuses for 2020. The [...]
Barclays CEO on the future of the City: ‘Forget Frankfurt and Paris’ February 5, 2021 Jes Staley, the CEO of Barclays, has said the UK financial services industry should focus on competing with the US and Asia, rather than the EU. Staley reportedly said that although jobs that would have been created in the Square Mile may have been moved to the EU, Brexit has given one of the UK’s [...]
Barclays boss Jes Staley: working from home ‘not sustainable’ as collaboration and culture take a hit January 26, 2021 Barclays boss Jes Staley says working from home 'not sustainable' as collaboration and culture take a hit
Jes Staley set ‘to stay on at Barclays for two more years’ October 19, 2020 Jes Staley is reportedly set to stay on as chief executive of Barclays, despite the lender coming under pressure to replace the controversial American. The bank is not expected to announce any succession plans when it reports third quarter earnings on Friday despite activist investor Edward Bramson recently renewing his attack on Staley, The Telegraph [...]
Activist investor demands removal of Barclays boss Jes Staley over Epstein links March 2, 2020 Barclays should remove chief executive Jes Staley from its board over his ties to convicted paedophile Jeffrey Epstein, according to activist investor Sherborne. In a letter to shareholders, Sherbone, which is led by Edward Bramson, said the decision by Barclays’ board to nominate Staley for reelection amid an ongoing regulatory investigation was “ill advised”. Sherborne, [...]
Barclays prepares to begin hunt for Jes Staley’s replacement February 24, 2020 Barclays is preparing to begin the search for a new chief executive to replace Jes Staley, making it the latest European bank to hunt for new leadership. Staley, who has led the banking giant since 2015, has told colleagues he expects to leave Barclays by the end of next year, according to the Financial Times. [...]
Barclays shares: Optimists see an opportunity April 29, 2019 | City Talk By Graeme Evans from interactive investor. These results do not impress, but there’s lots going on at Barclays and plenty to interest investors. Without the attention generated by activist investor Edward Bramson, it’s likely that last week’s lacklustre investment banking performance at Barclays (LSE:BARC) may have been passed off as just another quarter blighted by [...]
Bramson may lose the battle but still win the war in his clash with Barclays’ board April 26, 2019 Arguments about the merits of Barclays’ voyage into investment banking feel almost as old as the industry itself. Next week’s showdown between the lender’s board and Edward Bramson, who wants to muscle his way onto it, might prove to be a mere footnote in that story – or, ultimately, warrant a full chapter. Bramson will [...]