saying why do so many people need to travel to glasgow with lots and lots of private planes? around a00 private planes have arrived into glasgow, bringing these world leaders and other delegates, but the politicians are arguing that it is absolutely critical that they meet face to face to make real progress on climate change. we will have much more for you. this isjust on climate change. we will have much more for you. this is just day two of cop26, a two week event. yesterday was the present show opening entity is the first day of the leaders summit and we will be back here very soon but right now i will hand you over to rebecca in london. the boss of barclastes staley has stepped down over an investigation by uk regulators into alleged links with the disgraced financier and sex offenderjeffrey epstein. a statement from the bank said it should be noted that the investigation makes no findings that mr staley saw, or was aware of, any of mr epstein s alleged crimes.
epstein was first convicted and jailed for sex offences in 2008, then arrested again in 2019, and died in his cell two months later. mr staley has said that his relationship with epstein ended in late 2015. our business presenter ben thompson has the details. that line from the bank is the most crucial part of the statement, suggesting that mr staley knew nothing of the offences. this comes out after an investigation by the bank of england and the financial regulator into the nature of that relationship which dates back many years to when staley was the boss ofjpmorgan s bank and jeffrey epstein was a client.
england look into that relationship between jess daly, england look into that relationship betweenjess daly, who has been head of barclays betweenjess daly, who has been head of ba rclays for a betweenjess daly, who has been head of barclays for a number of years and the disgraced jeffrey epstein. this investigation found evidence that the nature of the relationship had not been clear. it dates back to when jess staley was the boss had not been clear. it dates back to whenjess staley was the boss of jpmorgan, the private bank, which jeffrey epstein was a client. it has come to pass that there was not clarity over that relationship and therefore jess staley will step down with immediate effect. it is worth saying it is not the first time that jess staley has been in trouble at barclays. back in 2018 he was fined £6a0,000. barclays itself was fined £15 million and that is over the pursuit of a whistle blower who had tried to highlight what they saw as wrongdoing within the bank on anot
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