Andrew Bailey was accused by Barclays chair of having ‘destroyed’ Jes Staley, court hears

Andrew Bailey, the Bank of England governor, arrives to give evidence at the high court in the Jes Staley appeal. Photograph: Neil Hall/EPA

The Bank of England governor, Andrew Bailey, was accused by the Barclays chair of having “destroyed” Jes Staley, a court heard on Friday, after the City watchdog led by Bailey at the time launched an investigation into the banker’s ties to the convicted sex offender Jeffrey Epstein.

Nigel Higgins, who made the accusations and is still the Barclays chair, also asked in 2019 whether the Financial Conduct Authority (FCA) would be willing to drop its investigation if Staley resigned.