Barclays CEO, Jes Staley has stepped down from the bank following a report by UK Financial Conduct Authority (FCA) linking him to the late convicted sex offender Jeffrey Epstein. The bank said they were made aware of this preliminary findings of this investigation on Friday but have no reason to believe that he has anything to do with Jeffrey Epstein’s alleged crimes.

Jes Staley has been replaced today by the bank’s former head of global markets, Mr C S Venkatakrishnan