Britain's financial regulators are probing historical links between Barclays Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, the bank said on Thursday.
The bank said its board believes Staley has been sufficiently transparent about his ties to Epstein, whom Staley said he had not seen since taking over as Barclays CEO in 2015. Staley received a bumper pay package of 5.9 million pounds in 2019, up from 3.36 million a year earlier. The sum was boosted by the vesting of a long-term incentive plan worth 1.48 million pounds.Both Staley and Finance Director Tushar Morzaria took cuts to their pension allowances in 2019, and will now receive fixed cash contributions equating to 10per cent of salary in line with the broader workforce.The bank meanwhile reported a better-than-expected profit before tax of 6.
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