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Barclays CEO ‘shocked’ by Epstein revelations as bank deals with Staley fallout

about 14 hours ago
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The chief executive of Barclays has said he is “deeply dismayed and shocked” at the “depravity and the corruption” revealed in the Epstein files, as the bank deals with the fallout of its ex-boss Jes Staley’s ties to the convicted child sex offender.In his first public comments on the matter since the US Department of Justice began publishing documents related to Jeffrey Epstein in December, CS Venkatakrishnan said his thoughts went out to the victims of Epstein, who died in jail in 2019 while awaiting child sex trafficking charges.“I’m very, very deeply dismayed and shocked by the moral depravity and the corruption that you’re reading about in the latest set of instalments.You know, my heart really goes out to victims of this scandal and these crimes,” he said.However, the Barclays boss – speaking as the bank reported annual profits – stopped short of commenting directly on allegations against his predecessor, Staley.

The Guardian reported last week that, in 2019, US prosecutors reviewed allegations of rape and bodily harm against Staley, including that he forced a woman to touch his genitals during a massage before raping her, and left “bloody marks” on the arms of a woman he called “Tinkerbell”,There is no evidence that prosecutors decided to pursue the allegations,Staley, who has previously denied any wrongdoing, has not responded to the Guardian’s requests for comment made over several months, either directly or via his lawyers,He has never been charged with a crime related to the allegations,During a UK court hearing in 2025, Staley admitted to having sex with a member of Epstein’s staff in New York, but agreed with a lawyer during cross-examination that he would describe the intercourse as “consensual”.

When Venkatakrishnan was asked whether the allegations outlined in the Epstein files had prompted any further internal reviews at Barclays, the bank’s head of media said: “We have nothing further to add on that point.”It comes as the bank and its chair, Nigel Higgins, continue to battle a class action lawsuit in the US over claims they defrauded and misled investors over Staley’s relationship with Epstein.The US class action suit, led by pension funds in New York and Missouri, alleges that Barclays, Higgins and Staley repeatedly misrepresented Staley’s history with Epstein to media and investors, starting in July 2019, weeks after Epstein was arrested on charges of trafficking underage girls for sex.They claim they were ultimately defrauded, having learned about the true nature of Staley and Epstein’s relationship only after the UK’s Financial Conduct Authority (FCA) publicly released findings of its investigation and banned Staley from the City in October 2023.The news caused the value of their shares and American Depositary Receipts to drop, resulting in “significant economic losses”, they argued.

Higgins and Staley have not commented on the case.Staley had resigned from Barclays two years earlier, in 2021, over preliminary findings from the FCA’s investigation.Staley failed to overturn a ban on his return to the UK’s financial sector last year and lost out on £18m worth of pay and bonuses from Barclays as a result of the ruling.Venkatakrishnan’s comments echoed those of the Bank of England governor, Andrew Bailey, who said last week that he was “shocked” by revelations in the Epstein files.That included information that appears to have been shared with Epstein by the former UK business secretary Peter Mandelson regarding highly confidential government deliberations after the 2008 financial crisis.

The revelations resulted in Mandelson resigning from the Labour party and House of Lords last week.Bailey said: “I don’t want to sound pious, but this is for all of us: how is it that we live in a society in which this happened, and the cover-up happened as well? I think that is a very fundamental question that we have to ask ourselves.”HSBC and Barclays are facing a $12bn (£8.7bn) lawsuit by a US heiress, Tanya Dick-Stock, over a Jersey trust allegedly linked to the Epstein scandal.The Times, which first reported the lawsuit, said both banks declined to comment.

Barclays posted a near-13% increase in profits to £9.1bn in 2025 and said it planned to return more than £15bn to shareholders between 2026 and 2028.Profits for the final three months of last year rose 12%.
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Super Bowl: Bad Bunny, the ads and everything but the football – as it happened

Well, I could not tell you a thing about that game – I’ve heard that it was a boring outcome for a boring match-up – but it does not matter: the real winner tonight was Bad Bunny, who delivered a raucous, intricate and wildly ambitious half-time show that exceeded already sky-high expectations. With the world watching and many in the US government actively rooting against him (you can guess who took to Truth Social already), the Puerto Rican artist born Benito Antonio Martínez Ocasio thoroughly stomped on the haters with an exuberant 13-minute show that both honored his roots and championed an expansive view of American unity.It’s hard to overstate how much pressure Bad Bunny was under, as the first all Spanish-language half-time performer at a time when the US government is profiling Spanish speakers for its brutal immigration enforcement campaign. But Benito made the whole affair feel light as a feather, from the sugar cane fields to the bodegas to the rollicking casita party to a full-on real wedding (and surprise duet with Latino pop trailblazer Ricky Martin). Truly, this set was exquisite

2 days ago
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Perth festival 2026: Swan River bursts to life with a stunning trail of stories and light

From dazzling light installations to unexpected conversations on pop-up phones, Perth festival has opened with a timely celebration of culture and communityGet our weekend culture and lifestyle emailAs families gather for sunset at Perth’s Kings Park, a giant golden orb glows on the horizon, shooting ribbons of light into the night sky.“It looks like an upside down jellyfish!” a child shouts gleefully, gazing up at this mysterious beacon. Others watch from park benches or drift slowly around its base, as a gentle wash of sound spills from its centre. The work is called Karla Bidi, translating to “fire trail” in Noongar: a light and sound installation that draws on the ancient practice of lighting campfires along the Derbarl Yerrigan (Swan River), which marks the opening of this year’s Perth festival.Featuring 11 installations stretching from Mandoon (Guildford) to Walyalup (Fremantle), Karla Bidi lights a path between communities along the river – a trail of gathering places that recalls how these banks have always been a place for story and connection

2 days ago
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Porky Pig and Daffy Duck: ‘Jacob Elordi! That hair! Those dreamboat eyes!’

Ducks typically live between five and 10 years, and pigs 10 to 20. You first appeared on screen in 1935 and 1937, which makes you 91 and 89, respectively. What’s your secret to your eternally youthful looks?Daffy Duck: Firtht of all, it’s very rude to comment on a duck’s age. Thecond of all, thank you for noticing how youthful I look. My thecret is very thimple – moisturise daily, stay hydrated and tell the artist who draws you to take out any wrinkles

3 days ago
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The Guide #229: How an indie movie distributed by a lone gamer broke the US box office

Two very unusual films were released last weekend. One you will have absolutely heard of: Melania, the soft-focus hagiocumentary of the US first lady, which was plonked into thousands and thousands of often entirely empty cinemas across the globe by Amazon and Jeff Bezos in what is widely perceived as a favour-currier to the White House. Melania’s $7m takings in the US were marginally better than forecasted (and far ahead of the risible numbers for the film elsewhere) but, given the documentary’s vast cost, still represents a dramatic loss (especially if the rumour that Amazon paid for the film to be in some cinemas is true). Then again, this was a rare multimillion dollar film where the primary marker of success was probably not financial.The other unusual film released last weekend you are less likely to have heard of, even though it dwarfed Melania’s takings

4 days ago
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My cultural awakening: Bach helped me survive sexual abuse as a child

For pianist James Rhodes, the composer’s music expressed feelings that he could not put into words – and kept helping him as his mental health suffered in adulthoodWhen I found a cassette tape of the Bach-Busoni Chaconne, aged seven, it’s how I imagine a kid would feel seeing Messi play football and thinking: I have to do that with my life. By then, I had already been sexually abused by a teacher for two years, and despite showing all the signs of trauma – night terrors, twitching, wetting the bed, constant stomach aches – I obediently kept his secret. To me, the world was a war zone of pain. I was a shy, awkward, lonely kid, but alone in my bedroom with that piece of music, I found a little bit of light that was just for me. Hearing it for the first time was almost a religious experience

4 days ago
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Austin Butler to play Lance Armstrong in big-screen biopic

The Oscar-nominated actor Austin Butler is scheduled to take on the role of the disgraced cyclist Lance Armstrong in a buzzy new biopic.According to Deadline, the package has caused a “frenzied” bidding war in Hollywood with the Conclave director Edward Berger at the helm and King Richard’s Zach Baylin set to write the script.Producer Scott Stuber, who recently worked on Springsteen: Deliver Me from Nowhere, has been working to secure Armstrong’s life rights for a while and a deal has now finally been agreed. Armstrong will be involved in the film but will not have a producing credit.The hope is for the film to be a cross between F1 and The Wolf of Wall Street

4 days ago
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Prediction market Kalshi reached $1bn in trading volume during Super Bowl

about 8 hours ago
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Honeymoon period for new BP boss won’t last long

about 9 hours ago
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Will the Gulf’s push for its own AI succeed?

about 12 hours ago
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Apple and Google pledge not to discriminate against third-party apps in UK deal

about 13 hours ago
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Winter Olympics 2026 day four: Slovenia win ski jumping gold as Sweden’s Wranå siblings star – as it happened

about 6 hours ago
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Squeaky bum time? How Team GB can save Winter Olympics despite slow start | Sean Ingle

about 7 hours ago