In a statement issued jointly, the Financial Conduct Authority and the Prudential Regulation Authority said: “The FCA and the PRA have now concluded investigations into the CEO of Barclays and Barclays Bank plc. “However, [the regulators] have proposed that each of Barclays Bank plc and Barclays Bank UK plc will be subject to requirements to report to the FCA and PRA on certain aspects of their whistleblowing programmes,” the lender said. Staley now has 28 days to respond to warning notices issued by the two regulators. It is extremely rare for financial regulators to investigate and censure chief executives in the City. Nearly 14% abstained and 2.4% voted against – even as Staley issued an apology to shareholders at the meeting.

Source: The Guardian April 20, 2018 06:38 UTC