LONDON (dpa-AFX) - U.K. regulators probing Barclays Plc (BARC.L, BCS) Chief Executive Officer Jes Staley's attempts to unmask a whistle-blower will probably take until the end of the year to conclude their investigation, Bloomberg reported citing people familiar with matter.
The report noted that the Financial Conduct Authority expects to reach a final decision on Staley's fate in December. That would be two months later than the original October target indicated to the bank. It's not clear why the probe has been extended.
The firm is also preparing to fight the U.S. Justice Department in court over a multi-billion-dollar fine for its role in selling mortgage bonds that contributed to the financial crisis. In the U.K., four former Barclays executives will stand trial in 2019 on allegations they conspired to commit fraud over the bank's 2008 fundraising with Qatar.
Copyright RTT News/dpa-AFX