Ex-Barclays CEO fails to scrap City of London ban over Epstein ties.

Former Barclays CEO Jes Staley failed on Thursday to skirt a lifelong banishment from the UK banking industry over his ties to Jeffrey Epstein — with a judge ruling the ban was an “inevitable consequence” of his association with the dead pedophile.A UK tribunal upheld the decision by Britain’s top regulator, the Financial Conduct Authority, which ruled in 2023 that Staley, who previously had been a top banker at JPMorgan Chase, recklessly misled officials by claiming that he and Epstein were not close.Judge Timothy Herrington ruled that Staley’s achievements at the helm of the British financial powerhouse did not lessen the severity of his misconduct.“The loss of his longstanding career is an inevitable consequence of that conduct,” Herrington ruled.“Bearing in mind the importance of Barclays as a financial institution, this was conduct that could have resulted in confidence in the financial system being adversely affected.”Herrington added that Staley had “shown no remorse” over the way he acted in his dealings with the FCA.The judge did, however, decide to reduce a fine slapped on the 68-year-old banker from £1.8 million ($2.47 million) to £1.1 million ($1.5 million).The Boston-born banker said in a statement that he was “disappointed by the outcome and the time it took for this process to play out.”He added: “I have worked tirelessly for my prior employers for the entirety of my career … The Tribunal recognised what they described as ‘my long and distinguished career’.”The decision to appeal appeared to backfire for Staley, who admitted during the proceeding that he had sex with a member of Epstein’s staff in Epstein’s brother’s apartment.The appeal tribunal also heard about a string of previously-reported emails between Staley and Epstein, in which the ex-Barclays CEO described their friendship as “profound”.In one 2010 email chain, Staley told Epstein, “That was fun.Say hi to Snow White.” When Epstein asked, ...