All articles tagged with #jes staley
Jes Staley, former Barclays CEO, failed to overturn a FCA ban for misleading regulators about his links to Jeffrey Epstein, with the tribunal reducing his fine from £1.8mn to £1.1mn, citing misconduct despite his achievements.
Court documents reveal that Jeffrey Epstein used Jes Staley's daughter, Alexa Staley, to maintain contact with the former Barclays CEO, Jes Staley, between 2016 and 2017, despite Staley's claims of severing ties with Epstein after becoming the bank's chief.
JPMorgan has reached a settlement in the lawsuits filed by the US Virgin Islands and Jes Staley, the CEO of Barclays, related to their dealings with convicted sex offender Jeffrey Epstein. The terms of the settlement were not disclosed. The lawsuits accused JPMorgan of facilitating Epstein's financial transactions and failing to properly monitor his accounts. This settlement comes after JPMorgan agreed to pay $920 million in fines to resolve investigations into its role in manipulating precious metals and Treasury markets.
JPMorgan Chase & Co can proceed with its lawsuit against former executive Jes Staley for concealing what he knew about Jeffrey Epstein, a former client of the bank. Staley, who is also a former Barclays CEO, could be liable for millions of dollars over his ties to Epstein. JPMorgan wants him to cover losses it may incur in two lawsuits saying it should have cut ties to Epstein because it knew or should have known he sexually abused young women and girls. Epstein died in a Manhattan jail in August 2019 while awaiting trial for sex trafficking.
A judge has ruled that Jes Staley, CEO of Barclays, must face a lawsuit from JPMorgan over his dealings with convicted sex offender Jeffrey Epstein. JPMorgan claims that Staley ignored concerns about Epstein's behaviour and continued to do business with him. Staley has denied any wrongdoing and Barclays has said it will defend him vigorously.
Former JPMorgan executive Jes Staley has lost his bid to dismiss a complaint by the bank that seeks to hold him legally liable for sex trafficking by former JPMorgan customer Jeffrey Epstein. The bank filed a third-party complaint against Staley in March, arguing that if the Virgin Islands proves its allegations, "Staley is solely liable to the USVI, or liable to JPMC for all sums awarded to the USVI and against JPMC, if any, at trial." The suit also seeks to claw back more than $80 million in compensation that Staley received from the bank, where he worked for three decades.
JPMorgan Chase & Co is suing its former private banking head, Jes Staley, accusing him of entangling the bank with late financier and convicted sex offender Jeffrey Epstein. The bank wants Staley to cover some or all damages it might face in lawsuits brought by Epstein's accusers and the US Virgin Islands over its ties to Epstein. Staley has denied knowing about Epstein's crimes and accused JPMorgan of using him as a "public relations shield" for its own supervisory failures. The cases are slated for an Oct. 23 trial.
Lawyers for Jes Staley, the CEO of Barclays, have criticized JPMorgan for making "absent" claims about Staley's ties to Jeffrey Epstein. JPMorgan had previously accused Staley of having a professional relationship with Epstein, but Staley's lawyers argue that JPMorgan has not provided any evidence to support these claims. The legal battle between Staley and JPMorgan highlights the ongoing scrutiny of the financial industry's connections to Epstein.
JPMorgan Chase alleges that its former executive Jes Staley "thwarted" its efforts to cut ties with convicted sex offender Jeffrey Epstein during his tenure at the bank. The bank has sued Staley, claiming he should be held liable for any financial damages it might have to pay from two lawsuits that alleged it enabled Epstein’s sex-trafficking operation. JPMorgan has denied liability. Staley has called the accusations "baseless" but has expressed regret for his relationship with Epstein.
JPMorgan has accused Jes Staley, the CEO of Barclays, of thwarting the bank's efforts to sever ties with Jeffrey Epstein. According to a lawsuit filed by JPMorgan, Staley, who was then the head of JPMorgan's private bank, intervened to keep Epstein as a client despite concerns about his conduct. The lawsuit alleges that Staley's actions violated JPMorgan's policies and that he misled the bank's compliance team about his relationship with Epstein.
JPMorgan CEO Jamie Dimon has been ordered by a US federal judge to be deposed for two days over what he knew about the bank's relationship with Jeffrey Epstein, the late financier and sex offender. The bank faces lawsuits from women who claim Epstein sexually abused them and from the US Virgin Islands, where he had a home. JPMorgan is also suing its former private banking chief, Jes Staley, for allegedly concealing what he knew about Epstein. Dimon can be questioned by plaintiffs' lawyers for five hours and by Staley's lawyer for two hours.
A U.S. judge has rejected requests to sever JPMorgan Chase & Co's lawsuit accusing former executive Jes Staley of concealing what he knew about Jeffrey Epstein from two related lawsuits over its work for the late sex offender. The decision is a defeat for Staley, who said the scheduled Oct. 23 trial for all three cases left him too little time to defend against JPMorgan's "slanderous" accusations. It is also a defeat for women who claim that Epstein sexually abused them and are suing the largest U.S. bank.
A US judge has ruled that Jes Staley, CEO of Barclays, must face claims that he misled investors about his relationship with Jeffrey Epstein, alongside JPMorgan. The lawsuit alleges that the banks failed to properly monitor Epstein's accounts, which were used to pay off victims of his sexual abuse.
Jes Staley, the CEO of Barclays, has lost his bid to sever his case from other Epstein claims. Staley is being sued by Lisa Mogensen, a former employee, who claims that he tried to uncover the identity of a whistleblower who raised concerns about Staley's relationship with Jeffrey Epstein. The judge ruled that the claims were "sufficiently similar" to other Epstein-related cases to be heard together.
Barclays CEO Jes Staley has denied allegations that he had a professional relationship with convicted sex offender Jeffrey Epstein. Staley called the claims "slanderous" and said he had no contact with Epstein since joining Barclays in 2015. The allegations were made in a lawsuit filed by a former employee of the bank who claims she was unfairly dismissed after raising concerns about Staley's relationship with Epstein.