The British lender confirmed Thursday that two U.K. watchdogs are investigating the long relationship between CEO Jes Staley and deceased sex offender Jeffrey Epstein. Barclays said Staley — who visited Epstein's private island in 2015, but claimed he'd cut ties after becoming CEO later that year — had been "sufficiently transparent" during its own review.
Could Barclays take a hit? Shares dropped 2.4 percent in morning trading, though the bank also posted a gross annual profit increase of 9 percent.
Don't miss OZY's Special Briefing on Prince Andrew's ties to Epstein.