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Wednesday 03 November 2021 11:09 am  |  Updated:  Wednesday 03 November 2021 11:15 am

Ex-Barclays chief Staley to receive £22m bonus windfall

Downing Street Readies For Battle With Parliament Over No-Deal Brexit
The American banker could receive around 11m shares in the bank he headed for six years if it hits performance goals in the coming years (Photo by Leon Neal/Getty Images)

Former Barclays chief Jes Staley who quit this week to fight the findings of a report into his relationship with convicted sex offender Jeffrey Epstein is in line receive bonuses of up to £22m.

The American banker could receive around 11m shares in the bank he headed for six years if it hits performance goals in the coming years.

The news was first reported by The Telegraph.

More to follow.

Read more

City firms face FCA clampdown on bullying and harassment

The FCA said in June any scheme must keep the market afloat in order to curb rising costs for consumers.

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