Jes Staley loses legal case over City ban for misleading watchdog over Epstein links

Result upholds Financial Conduct Authority’s lifetime ban on former Barclays CEO holding senior City post

The former Barclays chief executive Jes Staley has lost a legal challenge against the UK financial regulator, leaving him banned from the City for life for misleading the watchdog over his relationship with the sex offender Jeffrey Epstein.

The ruling, handed down by the upper tribunal judge Tim Herrington, said: “We agree with the [Financial Conduct] Authority (FCA) that Mr Staley’s breaches of the authority’s rules represented a serious failure of judgment by Mr Staley.