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First it was Labor Secretary Alex Acosta, undone by his undeniable benign neglect of a pedophile even his boss, who on numerous occasions expressed amorous intentions toward his own daughter, found a bit creepy. The next to fall was hedge fund manager Glenn Dubin, who chose to resign rather than continue to talk about his late friend. (It didn’t work.) Then private equity titan Leon Black, whose ties to Epstein proved less limited than he implied, and whose likeness to the late sex criminal allegedly closer than anyone would like, took his leave.

Indeed, as they say, the cover up is worse than the crime, and trying to (allegedly) pretend you were less close to Epstein than you really were therefore a bad strategy. Which brings us to the man who transacted the only piece of real business that we know Epstein ever did, Jes Staley.

Barclays and Staley “were made aware on Friday evening of the preliminary conclusions” of a probe by the U.K.’s Financial Conduct Authority and the Prudential Regulation Authority, Barclays said…. “In view of those conclusions, and Mr Staley’s intention to contest them, the Board and Mr Staley have agreed that he will step down from his role as Group Chief Executive and as a director of Barclays,” the bank said….

The bank said the investigation “makes no findings that Mr Staley saw, or was aware of, any of Mr Epstein’s alleged crimes, which was the central question underpinning Barclays’ support for Mr Staley following the arrest of Mr Epstein in the summer of 2019.”

Of course not. Anyway, Staley was succeeded by C.S. Venkatakrishnan, the bank’s head of global markets and former group chief risk officer, who Staley lured from JPMorgan Chase when he was hired to lead Barclays. Welcome to the job, Venkat!

Barclays’s New CEO Faces Old Challenges

Well, not all of the old challenges, anyway. Which brings us to another older white man who’s having a devil of a time getting out from under the ugliness of links to Epstein.

The Duke of York's lawyers said the "baseless lawsuit" should be dismissed because [Virginia] Giuffre failed to sufficiently outline her claims against him.

Ms Giuffre, 38, has accused Prince Andrew of sexually assaulting her when she was 17 and a minor under US law…. She says she was assaulted by the prince at the London home of Epstein associate Ghislaine Maxwell, and at Epstein's homes in Manhattan and Little Saint James, in the US Virgin Islands.

In the court document filed on Friday, Prince Andrew's lawyers said his "sullied reputation is only the latest collateral damage of the Epstein scandal".

Yes, your heart really can’t but go out to the idiot children of feudal relics for the loss of esteem suffered due to their friendship with a child sex trafficker. They are the real victims here, if you think about it. How many more of them will have to suffer?

Barclays CEO Jes Staley quits after Jeffrey Epstein probe [CNBC]
Barclays’s New CEO Faces Old Challenges [WSJ]
Prince Andrew asks US court to dismiss case [BBC]

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Just How Fulsome Was Jes Staley’s Description Of His Ties To Jeffrey Epstein To British Regulators?

They’d like to know if he improperly kept his underwear on in his disclosures to them.

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Jeffrey Epstein’s Banker Screws Over Jeffrey Epstein’s Bank

Jes Staley, who once bought a hedge fund with Epstein’s help, is taking his piece of Deutsche Bank’s prime brokerage.

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Guy Who Thinks Barclays’ I-Bank Is Governance Failure Thinks The Same About Hiring Jeff Epstein’s Buddy As CEO

You might think they’re not related issues, but to Edward Bramson it’s like the big reveal in the DaVinci Code, a book I have not read.

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Bonus Watch ’15-’21: Former Barclays CEO/Friend Of Sex Criminals

Barclays’ quarterlies are good for everyone except Jes Staley.

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Jes Staley Doubles Down On Diversification

He loves Barclays investment bank, and he really loves the idea of investment bankers working in back rooms of strip malls in Swindon.

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Layoffs Watch ’19: Barclays Wants To Be More Like Credit Suisse

And unfortunately for Edward Bramson and the 3,000 of you without jobs, it’s not in the “deemphasize the investment bank” kind of way.

(Getty Images for Yahoo Finance)

Jes Staley High On Investment Banking, Low On General Future Of Britain

This is problematic, given that he runs a British bank.