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Details of Staley Allegations Are Revealed, Then Deleted, by DFS

Jes Staley
Jes StaleyPhotographer: Simon Dawson/Bloomberg

New York regulators, who fined Barclays Plc $15 million for whistle-blowing violations, released a previously unreported allegation about Chief Executive Officer Jes Staley -- and then removed some of that material from a subsequent statement.

The New York Department of Financial Services wrapped up the case Tuesday. It cited a whistle-blower in the incident as saying Staley’s former employer -- JPMorgan Chase & Co. -- removed Staley from management because of how he dealt with an executive who was a personal friend. Staley eventually recruited that banker to Barclays.