Barclays CEO Jes Staley has 'no plans to leave' despite whistleblower investigation
- The FCA was due to publish the results of its investigation last October but is yet to do so.
- When asked if the investigation has distracted them, Staley said: "No I'm very focused on the business."
Barclays CEO Jes Staley has no plans to leave the British bank despite an ongoing investigation by regulators on his treatment of internal whistleblowers.
The U.K. Financial Conduct Authority opened an investigation in 2017 looking at Staley's alleged attempt to find out the name of the employee that wrote a letter raising concerns about the recruitment of a senior official by the bank. The FCA was due to publish the results of its investigation last October but is yet to do so.
"The investigation has been going on for a year and during that course of time I have been focused on running Barclays, I think we've made great progress and I look forward to running Barclays for a number of years to come," Staley told CNBC Thursday morning.
When asked if the investigation has distracted them, Staley said: "No I'm very focused on the business. We've got great colleagues here, the bank has got great momentum, I have a lot of respect for the regulators and I will let them do their job."
The British bank reported Thursday a loss on its full-year 2017 profits, due in part to the tax overhaul in the U.S. and a weaker dollar. However, the bank said it cannot yet estimate the impact of the FCA investigation into it financial results.
In 2017, Staley apologized to the Barclays board, and accepted its conclusion that his personal actions in the matter were errors on his part.