Barclays Executives Said to Face FCA Interviews

The Financial Conduct Authority (FCA) is conducting interviews with Barclays executives as part of an investigation into CEO Jes Staley's attempts to identify a whistleblower, which violated company policy. The FCA aims to gather information from various executives and non-executives to construct a timeline and assess Staley's actions. Key figures like Mike Ashley and Paul Compton are involved. The investigation's progress has been slower than expected, with Barclays eager to resolve the issue. The bank has since tightened its procedures for handling anonymous letters.

What is the main reason for the FCA's investigation into Barclays?

• To review the bank's customer service policies

• To investigate Jes Staley's attempts to unmask a whistleblower

• To evaluate the bank's financial performance

• To assess the bank's compliance with UK tax laws

Who is Mike Ashley in the context of the Barclays investigation?

• A shareholder

• The whistleblowing champion

• A whistleblower

• The CEO of Barclays

What is the purpose of constructing a timeline in the investigation?

• To determine the financial impact of the whistleblower

• To understand the sequence of events and Staley's actions

• To evaluate the bank's market position

• To assess the bank's future investment strategies

Why is Barclays eager to resolve the investigation quickly?

• To focus on improving customer service

• To clear misconduct allegations and improve investment appeal

• To launch a new marketing campaign

• To expand into new markets

What is the current stance of Barclays regarding Jes Staley?

• They are standing by him

• They have suspended him

• They are neutral

• They have fired him