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Kirsty Wigglesworth / AP

British authorities have launched an investigation into Barclays Bank and CEO Jes Staley for his attempts to identify the author of a whistleblower letter the board received in 2016.

Staley took over in 2015 with a pledge to overhaul the culture at Barclays, which had been rumbling through a series of public relations troubles, including its $450 million payout in 2012 over allegations it had tried manipulating the benchmark rate, Libor.

Why it matters: Timing. The UK's Serious Fraud Office is about to decide whether it will prosecute the bank and former executives for a loan it gave to Qatar.

The outcome: Staley's getting his pay docked once the investigation is over, but the Board has "unanimous confidence" in him and plans to reappoint him to his role this May.

Go deeper

Trump political team disavows "Patriot Party" groups

Marine One carries President Trump away from the White House on Inauguration Day. Photo: Patrick Smith/Getty Images

Donald Trump's still-active presidential campaign committee officially disavowed political groups affiliated with the nascent "Patriot Party" on Monday.

Why it matters: Trump briefly floated the possibility of creating a new political party to compete with the GOP — with him at the helm. But others have formed their own "Patriot Party" entities during the past week, and Trump's team wants to make clear it has nothing to do with them.

DOJ watchdog to probe whether officials sought to alter election results

Donald and Melania Trump exit Air Force One in West Palm Beach, Fla., on Jan. 20. Photo: Alex Edelman/AFP via Getty Images

The Justice Department's inspector general will investigate whether any current or former DOJ officials "engaged in an improper attempt to have DOJ seek to alter the outcome" of the 2020 election, the agency announced Monday.

Driving the news: The investigation comes in the wake of a New York Times report that alleged Jeffrey Clark, the head of DOJ's civil division, had plotted with President Trump to oust acting Attorney General Jeffery Rosen in a scheme to overturn the election results in Georgia.