Daily Management Review

C.E.O of Barclays Faces Penalty For ‘Breaching Conduct Rules’


05/11/2018


The probe into breaking rules by Barclay’s C.E.O is a whistleblower which calls for a fine by the regulators as a punishment.



The chief executive officer of Barclays, Chief Executive Jes Staley has been fined by the regulators of Britain, whereby Staley has been subjected to pay a sum of “642,430 pounds” for “breaching conduct rules” through the attempt of identifying the sender of the letter which criticised an employee Barclays.
 
The fine has been imposed by the “Financial Conduct Authority and the Prudential Regulation Authority”, reports Reuters, while the fine has granted with a thirty percent discount as Staley agreed with the charges and cooperated for settling the amount “at an early stage”.
 
According to the regulators, the fine only represents 10% of Staley’s total “pay package”, while “some insides” feared that the C.E.O, being the first sitting chief executive of a major bank facing a penalty of the kind, could pay with “his job”. However, Barclays did not comment immediately on the matter.
 
 
References:
reuters.com







Science & Technology

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

World Politics

World & Politics

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange

IMF allocates Ecuador $ 500 mln more to support reforms

French pension reform chief to resign

Poland refuses to join EU 2050 climate deal

EU to fight food waste