Barclays faces criticism following Staley departure - reports

Managers are unhappy with £2.5m pay-off

Barclays has been criticised by senior fund managers over its handling of the resignation of CEO Jes Staley, according to reports.

The Times reported yesterday (2 November) that two senior fund managers, who are among the top 30 shareholders in Barclays, had told them they were surprised by the £2.5m pay-off that Staley will receive after stepping down as chief executive. Staley stood down on Monday following the preliminary conclusions of an investigation into his relationship with American financier and sex offender Jeffrey Epstein. The Financial Conduct Authority and Bank of England's Prudential Regulation Authority announced last February that they were examining the "characterisation" of Staley's relationshi...