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Barclays boss Jes Staley fined £642,000 over whistleblower scandal

FCA says chief, who will also repay £500,00 of bonus, ‘breached standard of care required’

The Barclays chief executive, Jes Staley, has been ordered to hand over more than £1.1m out of his own pocket as punishment for attempting to unmask a whistleblower.

Staley has been fined a total of £642,430 by the Financial Conduct Authority and the Prudential Regulation Authority, and Barclays has clawed back £500,000 of his bonus over the matter.

Related: Why should future whistleblowers believe they will be safe? | Nils Pratley

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Source: The Guardian

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