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The bank is searching for a new CEO, with the plans taking on a sense of urgency after an FCA probe was announced into current head Staley.
Les Wexner just stepped down as the CEO of L Brands amid fury over his relationship with convicted sex offender Jeffrey Epstein. Here are all the famo...
Jeffrey Epstein once counted Donald Trump and Bill Clinton in his social circle, among other celebrity friends.
Barclays CEO Jes Staley is being investigated by UK regulators over his ties to Epstein — ‘I wonder if he can survive this’
"Mr. Staley retains the full confidence of the board," the company said on Thursday.
Wall Street is more terrified of an Elizabeth Warren presidency than previously thought, new report finds
Barclays drew up five reports that assessed a largely negative impact from a Warren presidency on many economic and financial sectors.
The company's revenue tends to lag in the fourth quarter, and its push for one-day shipping will intensify the slowdown, Barclays said.
Barclays is having a volatile year — its investment bank chief left in a shock departure, it fought off an activist, and senior execs have fled.
Deutsche Bank leads the way on cuts, but Barclays, HSBC, Société Générale and Citigroup are also reducing headcount.
The news comes amid better-than-expected earnings on Thursday, amid a wave of management changes that has jolted staff in 2019.
In early July, Deutsche Bank announced it planned to layoff 18,000 employees as part of major overhaul to its business.
Disgraced financier Jeffrey Epstein reportedly had close ties to Barclays CEO Jes Staley and multiple Wall Street executives
Epstein was visited by one executive while serving time, sat on the board of another's family foundation, and attended a third's Thanksgiving party.