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Barclays faces compliance questions as Staley decision nears

Recent departures at Barclays raise red flags amid investigations into chief executive, say compliance experts

Jes Staley, chief executive officer of Barclays
Jes Staley, chief executive officer of Barclays Photo: Getty Images

Barclays chief executive Jes Staley is entering a crucial period that will determine his future amid a spate of departures from the banking giant’s compliance division and growing questions about its culture.

The bank is without a permanent compliance chief following three departures in recent months. It also lost its information security head in November.

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