Apr 10, 2017

Barclays CEO investigated for trying to unmask whistleblower

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

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 10:30 p.m. ET: 5,494,287 — Total deaths: 346,229 — Total recoveries — 2,31,722Map.
  2. U.S.: Total confirmed cases as of 10:30 p.m. ET: 1,662,302 — Total deaths: 98,218 — Total recoveries: 379,157 — Total tested: 14,604,942Map.
  3. World: Italy reports lowest number of new cases since February — Ireland reports no new coronavirus deaths on Monday for the first time since March 21 — WHO suspends trial of hydroxychloroquine over safety concerns.
  4. 2020: Trump threatens to move Republican convention from North Carolina — Joe Biden makes first public appearance in two months.
  5. Public health: Officials are urging Americans to wear masks over Memorial Day.
  6. Economy: New York stock exchange to reopen its floor on Tuesday — White House economic adviser Kevin Hassett says it's possible the unemployment rate could still be in double digits by November's election — Charities refocus their efforts to fill gaps left by government.
  7. What should I do? Hydroxychloroquine questions answeredTraveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Updated 15 mins ago - Politics & Policy

Pro-Hong Kong resolution at British university fails after Chinese student opposition

A protester waves the Hong Kong colonial flag during a July 2019 demonstration against the extradition law to China. Photo: Ivan Abreu/SOPA Images/LightRocket via Getty Images

A student resolution expressing support for the Hong Kong pro-democracy movement was voted down at the University of Warwick in England, after opposition from mainland Chinese students.

Why it matters: The charged politics of China's actions in Hong Kong are spilling over to university campuses thousands of miles away, raising questions for students and university administrators about how to protect democratic values.

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

California announced Monday that places of worship and retailers can reopen statewide if they maintain strict measures and meet certain other conditions.

Zoom in: The state health department said in new guidance attendance for churches and other places of worship must have approval from county health officials to reopen and cap attendance at 25% of the building's capacity or no more than 100 people. In-store retail can resume statewide.