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CategoryBARC

Barclays CEO reprimanded over treatment of whistleblower. Bonus is cut, but is this enough?

Barclays (BARC) is no stranger to controversy after being mired over the last decade in one scandal after another, PPI, Forex and LIBOR rigging are the most recent to bring the bank into disrepute. The company though added another to list after updating the market this morning to advise that the bank and CEO Jes Staley were under investigation by both the FCA and Prudential Regulation Authority (PRA) over the culture and controls in place around whistleblowing disclosures.

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