- Staley defends himself in email to staff
- Tim Main named as Barclays executive in whistleblower letters
- US authorities also probing attempts to identify whistleblower
- Staley faces bonus cut as UK egulators investigate
- Barclays chief executive Jes Staley reprimanded
Reuters Breaking Views columnist Dominic Elliott says Jes Staley’s actions may seem morally defensible since he wanted to defend a colleague from what he saw as unfounded smears, but the situation calls Barclays’ internal procedures into question. Elliott concludes:
Given Staley should have known the rules, it reflects badly on him. It also looks bad for Barclays: the incident only came to light as a result of a separate complaint about the bank’s whistleblowing regime this year. That suggests more profound failings. A board-instigated review of the related procedures feels like too little, too late.
More reaction to the Barclays whistleblowing: