Barclays CEO Twice Sought to Uncover Whistle-Blower in 2016
- Effort may have violated whistle-blower protection rules
- U.K. added new regulations on whistle-blowing last year
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Barclays Plc’s mishandling of anonymous letters that raised allegations against a senior employee came as U.K. regulators were strengthening whistle-blowing protections.
In June 2016, members of Barclays’ board of directors and a senior executive at the bank each received letters outlining what the senders described as concerns “of a personal nature” about a high-ranking employee, the bank said in an April 10 statement. The authors of the letters also flagged that Chief Executive Officer Jes Staley knew about the issues and had played a role in dealing with it when he and the person in question were both employed elsewhere, Barclays said.