Upper Tribunal upholds FCA ban on ex-Barclays CEO

Staley approved a letter, which was sent to the FCA, containing misleading statements regarding his relationship to disgraced financier Jeffrey Epstein and their last point of contact. The letter stated that Staley did not have a close relationship with Epstein, when in fact the former chief executive had described him previously as one of his "deepest" and "most cherished" friends. Furthermore, the letter from Staley claimed that contact between the two had ceased well before his role at Barclays. In reality, they were in contact mere days before the announcement of his appointment a...