Barclays CEO Staley resigns after Epstein probe.

Barclays CEO Staley resigns after Epstein probe.
Barclays (BARC.L) chief executive Jes Staley is to step down following a probe by British regulators into his ties with convicted sex offender Jeffrey Epstein, ending a controversial six year reign at the lender marked by his successful backing of its investment bank against an activist investor.
Staley will be replaced as CEO by the bank's head of global markets C.S.
Venkatakrishnan, who on Monday pledged to continue his predecessor's strategy.
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Barclays said it was made aware on Friday evening of the preliminary conclusions from the Financial Conduct Authority and the Prudential Regulatory Authority's investigation into Staley's characterisation to Barclays of his relationship with Epstein and the subsequent description of that relationship in Barclays' response to the regulator.
"In view of those conclusions, and Mr Staley's intention to contest them, the Board and Mr Staley have agreed that he will step down from his role as Group Chief Executive and as a director of Barclays," the bank said.