Barclays CEO Survives Whistle-Blowing Probe With Only a Fine

Barclays Plc Chief Executive Officer Jes Staley survived a year-long regulatory probe into his attempts to unmask a whistle-blower, escaping with a fine instead of losing his job. While the U.K. Financial Conduct Authority and Prudential Regulation Authority will impose a financial penalty on Staley for failing to behave “with due skill, care and diligence” in the scandal, they stopped short of the more serious charge that “he acted with a lack of integrity or that he lacks fitness and propriety to continue to perform his role as group chief executive officer,” the bank said in a statement on Friday. Staley faces a penalty of between 1 million ($1.4 million) and 2 million pounds, including a bonus clawback from Barclays, according to a person with knowledge of the matter.