UK: Barclays chief executive Jes Staley has been fined £642,430 by regulators for breaching rules by trying to identify a whistleblower.
The Financial Conduct Authority and the Prudential Regulation Authority said he failed to “act with due skill, care and diligence” in his response to an anonymous letter received in June 2016.
The FCA and PRA began their probe into Mr Staley’s conduct a year ago.
Barclays said it would cut his bonus by £500,000.
Directors delayed deciding how much Mr Staley’s bonus would be docked until the investigation was complete and they knew the penalty imposed.
