Page 7 - John Mcfarlane News Today

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Figures in the City and Westminster said the Financial Conduct Authority should look into the conduct of the board and why it failed to interrogate Staley deeper.

The Financial Conduct Authority said the banker acted recklessly and with a lack of integrity while at Barclays by insisting he was not close to the convicted sex offender.

Figures in the City and Westminster said the Financial Conduct Authority should look into the conduct of the board and why it failed to interrogate Staley deeper.

The chief executives of Barclays have often met sticky ends but Mr Staleys fall from grace has been long and painful both for him and the bank.

“He is a man of enormous integrity,” proclaimed John McFarlane, the chairman of Barclays, as he announced Jes Staley as the board’s choice of a new chief exec

What is difficult to understand is the lack of action by the Barclays board and, in particular, successive chairmen as a terrible scandal played out.

The Financial Conduct Authority said the banker acted recklessly and with a lack of integrity while at Barclays by insisting he was not close to the convicted sex offender.

What is difficult to understand is the lack of action by the Barclays board and, in particular, successive chairmen as a terrible scandal played out.

The Qantas chairman has elected to take an excruciating route to the inevitable.