FILE - This July 29, 2015 file photo shows the sign on a branch of Barclays Bank in London. The CEO of Barclays bank, Jes Staley, is being investigated by regulators for his attempts to unmask a whistleblower, the bank said Monday April 10, 2017, who had written anonymous letters raising concerns about a senior employee,. (AP Photo/Kirsty Wigglesworth, File) (The Associated Press)
LONDON – Barclays bank says its CEO is being investigated by regulators for his attempts to unmask a whistleblower who had raised concerns about a senior employee.
The bank said Monday that Jes Staley faces an inquiry for his "individual conduct and senior manager responsibilities" related to the company's whistleblowing program.
Staley sought to identify the person but was told it was inappropriate to do so under rules protecting whistleblowers. Staley then sought again to identify the whistleblower, using help from a U.S. law enforcement agency, but failed.
The bank says Staley explained his actions to the board but was found to have made an error in his handling of the matter.
The bank and Staley will cooperate fully with the investigations. Staley says he accepts the board's conclusion and has apologized.
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