BUSINESS LIVE: Epstein probe sees Barclays boss depart; Aramco profits soar; Ex-BoE Governor urges banks to boost climate fight
Barclays chief executive Jes Staley is to stand down following regulators’ investigations into his dealings with Jeffrey Epstein.
The bank said on Monday it was now aware of the preliminary conclusions from the Fi-nancial 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.
Saudi Aramco profits soared as the global rebound from Covid sparked an oil price rally.
The state-backed energy firm made £22billion in the three months to September. This was more than double the £8.6billion it brought in during the same quarter of 2020 – when many countries were still in lockdown.
Former Governor of the Bank of England Mark Carney has urged banks and asset manag-ers to use finance to help and put pressure on companies to shift quickly away from high carbon emissions in favour of cleaner energy.
Carney, who is also the UN’s special envoy for climate and finance, says abruptly cutting off fossil fuel firms will not work.
Barclays chief executive Jes Staley will step down in response to revelations concerning his relationship with Jefferey Epstein