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1 week ago | 
news.bloomberglaw.com | Harry Wilson |Denise Wee
Standard Chartered Plc reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war. Adjusted pretax profit for the quarter through March hit $2.28 billion, largely driven by the bank’s financial markets and wealth units, which exceeded the $2.15 billion consensus estimate compiled by Bloomberg.
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2 weeks ago | 
news.bloombergtax.com | Harry Wilson |Ambereen Choudhury
HSBC Holdings Plcunveiled a fresh buyback for shareholders despite an increasingly fragile geopolitical backdrop that has weighed on the global economy and markets. The London-headquartered lender said Tuesday that it would buyback $3 billion, which is a $1 billion jump from its previous program. The lender reported a pretax profit of $9.48 billion for the first quarter, comfortably beating estimates.
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2 months ago | 
news.bloomberglaw.com | Harry Wilson |Jonathan Browning
Staley was told about his JPMorgan exit by Epstein, he claimsFormer Barclays CEO is challenging his ban from UK financeJeffrey Epstein often knew more about what was going on at the top levels of JPMorgan Chase & Co. than Jes Staley, one of the Wall Street bank’s most senior executives for more than a decade.
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2 months ago | 
news.bloomberglaw.com | Harry Wilson |Jonathan Browning
Former Barclays CEO begins giving evidence in case against FCAJes Staley says he didn’t know of Jeffrey Epstein’s behaviorJes Staley said he was “shocked and surprised” after Jeffrey Epstein was arrested in July 2019 by US federal authorities and charged with the sex trafficking of minors.
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2 months ago | 
news.bloomberglaw.com | Harry Wilson |Jonathan Browning
Jes Staley said the UK financial regulator had “irretrievably damaged” his reputation, as he began his long-awaited defense of his relationship with Jeffrey Epstein. The former Barclays Plc chief executive officer said the Financial Conduct Authority’s investigation and lifetime ban had left him unable to work again. Staley is giving evidence to a London court in an attempt to overturn the regulator’s finding that he “recklessly misled” it over his links to the late pedophile financier.
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2 months ago | 
news.bloomberglaw.com | Jonathan Browning |Harry Wilson
Andrew Bailey ran the FCA when it investigated Jes Staley Former Barclays boss is challenging watchdog over industry ban Bank of England Governor Andrew Bailey testified that a letter sent by Barclays Plc to regulators meant to assuage concerns over chief executive Jes Staley’s relationship with disgraced financier Jeffrey Epstein seemed “ill-founded.” Barclays told the Financial Conduct Authority in a letter in October 2019 that there was no close relationship between Staley and the late...
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2 months ago | 
news.bloomberglaw.com | Jonathan Browning |Harry Wilson
Barclays Plc’s board gave Jes Staley its full support despite bank officials seeing more than 1,000 emails that shed new light on their embattled chief executive’s relationship with disgraced financier Jeffrey Epstein. Barclays said in a Feb. 2020 statement that Staley retained the “full confidence” of the board, adding that its CEO had been “sufficiently” transparent with the lender about his relationship with Epstein.
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2 months ago | 
news.bloomberglaw.com | Harry Wilson |Katherine Griffiths |Jonathan Browning
Jes Staley’s legal challenge against his ban from the UK finance industry is bringing in some of the most prominent figures in the City of London, with the former Barclays Plc boss set to argue that the way he handled his friendship with Jeffrey Epstein didn’t break regulators’ rules. Here are some of the key people due to appear at the hearings.
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2 months ago | 
news.bloomberglaw.com | William Shaw |Aisha Gani |Harry Wilson
The bosses of the UK’s biggest banks are for the most part enjoying bumper pay days, with some looking forward to even bigger maximum awards as the country lifts its cap on variable remuneration. Chief executives at Barclays Plc, HSBC Holdings Plc, NatWest Group Plc, Lloyds Banking Group Plc and Standard Chartered Plc took home a combined £37 million ($46.8 million) in 2024, up a third on £28 million the previous year. That number covers all remuneration, including salaries and bonuses.
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2 months ago | 
news.bloomberglaw.com | William Shaw |Aisha Gani |Harry Wilson
The bosses of the UK’s biggest banks are for the most part enjoying bumper pay days, with some looking forward to even bigger maximum awards as the country lifts its cap on variable remuneration. Chief executives at Barclays Plc, HSBC Holdings Plc, NatWest Group Plc, Lloyds Banking Group Plc and Standard Chartered Plc took home a combined £37 million ($46.8 million) in 2024, up a third on £28 million the previous year. That number covers all remuneration, including salaries and bonuses.
