Barclays CEO Jes Staley's sudden departure amid regulators' investigation into his relationship with Jeffrey Epstein is disappointing, Shore Capital says. The FTSE 100-listed bank's CEO has done an excellent job in improving the performance of the group in recent years, the brokerage says, noting that the lender is in a good financial place. However, this news don't come as a total surprise with such an investigation happening in the background, Shore says. "It is also not the first time Mr. Staley's behavior has come into question, following the whistleblowing scandal in 2016, for which he was personally fined over GBP600,000. As a result, his position has clearly become untenable," Shore says. Shares are down 1.7% at 198.74 pence. (sabela.ojea@wsj.com; @sabelaojeaguix)

 

(END) Dow Jones Newswires

November 01, 2021 04:55 ET (08:55 GMT)

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