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Barclays Bank Fined $15 Million for CEO’s Anti-Whistleblower Actions

New York regulators fined Barclays Bank $15 million after investigations on both sides of the Atlantic determined that CEO Jes Staley broke the law by attempting to learn the identity of a bank whistleblower. The New York Department of Financial Services (DFS) announced the fine Dec. 18, saying it was tied to Mr. Staley’s attempts to unmask the author of two whistleblower letters criticizing the CEO’s hiring of a longtime associate for the job of head of Barclay’s financial institutions group. According to Bloomberg, Barclays’ whistleblower scandal started in June 2016, when the bank’s board received an anonymous letter from ... Read More