Barclays CEO Staley Faces DoJ Examination Following Hires from JPMorgan

[kreslik.news]

Barclays Chief Executive Officer Jes Staley has once again found himself in the crosshairs of the regulatory authorities.

This time it’s the US Department of Justice (DoJ) targeting him for his handling of recruiting processes in relationship with US lending giant JPMorgan Chase. A DoJ inquiry is to ascertain whether Barclays breached antitrust laws in its hiring of JPMorgan’s bankers, which included a string of defections shortly after the appointment of Mr. Staley.

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The DoJ examination is the latest blow to Mr. Staley, who is already under a cloud of suspicion ... (read more)