Barclays CEO Staley resigns after Epstein probe

LONDON (Reuters) - Barclays Chief Executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein.

Staley will be replaced as CEO by Barclays' head of global markets C.S. Venkatakrishnan, who on Monday pledged to continue his predecessor's strategy.

Staley's shock departure comes after Barclays was informed on Friday of the unpublished findings of a report by Britain’s Financial Conduct Authority and the Prudential Regulatory Authority into Staley's characterisation of his relationship with Epstein, who killed himself in jail in August 2019 while awaiting trial on federal charges related to sex trafficking.

"In view of those conclusions, and Mr Staley's intention to contest them, the Board and Mr Staley have agreed that he will step down from his role as Group Chief Executive and as a director of Barclays," the bank said.

"It should be noted that the investigation makes no findings that Mr Staley saw, or was aware of, any of Mr Epstein's alleged crimes, which was the central question underpinning Barclays' support for Mr Staley following the arrest of Mr Epstein in the summer of 2019."

Barclays shares fell 2% following the announcement.

"I THOUGHT I KNEW HIM WELL"

Staley dealt with Epstein during his long career at JPMorgan, where Epstein was a major private banking client until 2013.

A college dropout who styled himself as a brilliant financier, Epstein socialised in elite circles, including former and future U.S. presidents. In 2008, he was registered as a sex offender but continued to maintain ties with powerful players in business and finance.

The New York Times reported in 2019 that Epstein had referred “dozens” of wealthy clients to Staley. It also reported that Staley visited Epstein in prison when he was serving a sentence between 2008-09 for soliciting prostitution from a minor, while Bloomberg reported he visited Epstein’s private island in 2015.

Staley told reporters last February that his relationship with Epstein had "tapered off significantly" after he left JPMorgan in 2013, and that he had not seen the disgraced financier since taking over Barclays in 2015.

"I thought I knew him well, and I didn’t. I’m sure with hindsight of what we all know now, I deeply regret having had any relationship with Jeffrey Epstein,” he said at the time.

Epstein’s links with prominent men have come back to haunt some of them. Leon Black, the billionaire investor, stepped down from Apollo Global Management, the private equity firm he co-founded, earlier this year after an outside review found he had paid Epstein $158 million for tax and estate planning.

Britain’s Prince Andrew has quit royal duties over his associations with Epstein, and Microsoft co-founder Bill Gates has said it was a “huge mistake” to spend time with him.

The FCA and PRA said in a statement they could not comment further on the Epstein investigation, which was launched after JPMorgan provided the regulators with emails between Epstein and Staley from Staley's time as head of JPMorgan’s private bank, the Financial Times reported last year.

more

https://www.yahoo.com/finance/news/barclays-ceo-staley-stand-down-070717145.html

>>14899044

Puts a whole new spin on "Virginia."

Sumting gonna habben in Virginia?

4923

Q !!Hs1Jq13jV6 10/21/2020 21:55:05

https://twitter.com/VRSVirginia/status/1319071346282778624

Dearest Virginia -

We stand with you.

Now and always.

Find peace through prayer.

Never give up the good fight.

God bless you.

Q

>>14899187

And it Cali, the reemergence of Chemtrails also saw an uptick the past two days…

I know this was probably covered, but in thinking about how people who are guilty of crimes, decide to run for office as cover, and this assclown allowing his son to sexually molest his daughters, what is the agenda here? Because we don't need another SEXUAL ABUSER EXCUSER in GOVT!!

19 Kids and Counting' father running for Arkansas Senate

https://www.yahoo.com/news/19-kids-counting-father-running-160203858.html

They have to tell us…

This Is Where the First Climate Wars Will Break Out

Climate-related warfare is a near-term reality—not some far-off boogeyman—according to leading defense thinkers and military strategists. They are still talking about the importance of fighting climate change, but they’re also making plans to fight other human beings because of climate change.

So, where will these climate-related battles take place?

Some people argue they already have, with controversial academic reports claiming recent conflicts were directly spurred by the effects of climate change. Other military advisers and strategists have identified specific new wars that could erupt in Asia, Africa, or the Arctic.

The Atlantic Council, an American think tank, suggested in March that as Russia and China look to new shipping routes through previously frozen, impassable waters around Greenland, Iceland and the Arctic Circle, there could be a new era of great power competition in the region.

Britain and the U.S. have responded to a huge increase in Russian and Chinese activity in the area with a beefed up military and naval presence. An American aircraft carrier recently ventured into the Arctic Circle for the first time since the end of the Cold War.

Matthew Rendall, a lecturer at the University of Nottingham whose research focuses on climate change and international relations, argues that it is more likely that less stable, more disaster-prone places like Syria or Somalia will become the climate battlefields. “They are already hot. Most of them are also a lot poorer. As a result, they’re more likely to suffer acute resource shortages, mass migration of refugees, and political instability.”

“Moreover,” Rendall said, “China and Russia have nuclear weapons. They may quarrel over the Arctic, but they are unlikely to fight World War III over it—that would just be too costly.”

According to a recent article published by the political risk analysis firm Global Risk Insights, there may already be reasons to think violence in Somalia is linked to climate change. Millions of Somali people have begun to face food insecurity after “almost continuous dry spells since the 2011 East Africa drought.” While studies of past conflicts have not conclusively linked these effects to the increased presence of the jihadist group al-Shabaab, the article argues that “jihadists benefit from climate-induced livelihood loss and food insecurity,” and as the climate worsens, they can use offers of things like food and protection to recruit the vulnerable. ”

The Pentagon is making nearly identical observations as Global Risk Insights, without directly naming the potential combatants. “As climate changes,” according to the U.S. Department of Defense’s plan which was first published in September and then publicized earlier this month, “there may be commensurate alterations in local and regional politics to mitigate food and water shortages. These political adjustments could result in increased physical and cyber terrorist attacks from unknown third parties.”

The Pentagon’s new “Climate Adaptation Plan” is illustrated with a photo of two awestruck soldiers standing in California’s Mojave desert, silhouetted against a giant, all-consuming sun on the horizon. The image undeniably evoked the mushroom clouds U.S. military photographers captured in the Southwestern desert three-quarters of a century ago. The sun’s useful—but increasingly oppressive—energy is now at the forefront of the Pentagon’s thinking just as atomic energy animated the American militarism of a bygone era.

In 2015, a research team led by Colin P. Kelley, a researcher at Columbia University, produced a well-publicized study concluding that the now decade-long civil war in Syria was worsened by climate change-related heatwaves and drought and the subsequent fights over resources, which stirred up the unrest put down so brutally by President Bashar al-Assad.

Olaf Corry, University of Leeds professor of global security challenges, told The Daily Beast that while climate change will certainly have a “huge” impact on security, the conflict in Syria is a bad example, because he sees major weaknesses in the research linking that conflict to climate issues. Among other factors, he said, “The droughts were in the wrong place to correlate with the places the unrest broke out that were the trigger for the Assad crackdown.”

moar fear porn

https://www.yahoo.com/news/where-first-climate-wars-break-085252966.html

>>14899336

Thinking that the Supreme Court may not make the Beautiful New World transition.

Much like the CIA, DOJ, FBI, CDC, NIH, FDA, etc…

Too twisted to unravel

>>14899363

Byeden's got the Rona

ByeByeBiden…

>>14899440

>all you need to achieve a peak experience is a set of VR goggles and a decent WiFi connection

And what if "life" is already being "lived" this way, without the goggles? Frequencies are already around us, influencing our every move, thought, and experience.

Also, ZuckerBorg didn't clam the Metaverse, DARPA already had it just like Facebook, Goog, Twat etc. These are just the actors showing how IT's done.

>>14899489

Vatican City deemed now, Schatican Schitty

Huma Abedin, once the 'invisible person behind the main person', opens up on her life with Weiner and Clinton

Huma Abedin had just arrived back in Washington after a fraught trip to Pakistan with Secretary of State Hillary Clinton when she got a text message from her husband.

"Nothing for you to worry about," tapped out New York Congressman Anthony Weiner late that spring night in 2011. His Twitter account had been hacked, he told his wife of less than a year, and "there might be a story."

Yes, there was. A story and a scandal that would upend Weiner's rising political career and eventually send him to prison. Unravel their marriage and leave her suffering from PTSD. And contribute to Donald Trump's victory in the 2016 presidential election.

At that moment, though, she figured he would handle it. After all, she had spent a dozen years by Clinton's side, through a thousand threats of crises or controversies. A vague report about a message that her husband denied having sent was just part of an "unending stream of incoming."

Nothing to worry about. Until it was.

After a decade of declining to comment and dodging paparazzi, Abedin told USA TODAY she is ready to take back her life. "I walked with so much shame for so long and I really wanted to take the power away from that," she said in an exclusive interview about her memoir, "Both/And: A Life in Many Worlds," being published Tuesday by Scribner. "This is clearing the slate. I have nothing to hide."

In the book's 529 pages, she is unsparing about her own naivete, the depths of her husband's sexual addiction and her rage at what his actions cost. Since she was a college student who landed a White House internship and was assigned to the first lady's office, she has been behind the scenes for headliner events, first as the discreet aide and then as the humiliated spouse.

"I have been kind of the invisible person behind the main person – Hillary and then Anthony," she said. "I was somebody who's run from TV cameras and reporters her entire adult life."

That's changed.

"I do feel now that if I don't tell my story, then somebody else is writing my history," she said, adding that not seizing control of her story, and understanding what had happened, "was slowly killing me."

'When does it stop hurting?'

At 46, she looks every inch the breezy, confident New Yorker. She's wearing a brilliant red pantsuit and black heels, her dark hair tumbling down her back. She is no longer routinely accosted by waiting photographers when she leaves her apartment building. On the walk to the interview, she was no longer cornered by passersby offering an opinion, often a caustic one, about her marriage or her boss.

"When people do stop me on the street now," she said, "what they ask me is this: What do I do? Do I stay or go? When does it stop hurting?"

What she has realized, she said, "is anything that happened with me and Anthony is actually, unfortunately, not all that unusual."

As it turned out, Weiner's Twitter feed hadn't been hacked. He had sent a sexually explicit photo of himself to a woman. Indeed, he would acknowledge, he had sent explicit photos to a half-dozen women over three years. Within weeks, he had resigned from Congress. When he ran a comeback campaign for mayor of New York two years later, with Abedin's blessing, stories broke that he had continued to send explicit photos, using the alias "Carlos Danger."

The final straw for Abedin: During the 2016 presidential campaign, the New York Post reported that he was sexting with yet another woman when his sleepy toddler son could be seen climbing onto the bed to cuddle with him. After that, there were reports Weiner had sexted a 15-year-old girl, a felony that would send him to prison.

Abedin threatened a divorce in 2015 but didn't file for one until 2017, and the process is not yet fully completed. She said it would be soon.

more

https://www.yahoo.com/news/nothing-hide-huma-abedin-talks-210128772.html

Biden Ends Trump-Era Trade War With EU Steel Deal. What It Means.

Global cooperation is suddenly in vogue.

At a G-20 summit in Rome over the weekend, the U.S. and the European Union agreed to end a dispute over steel and aluminum tariffs imposed by the Trump administration. Under President Donald Trump, the U.S. placed a 25% tariff on European steel and 10% on aluminum on national security grounds. The agreement keeps the tariffs in place but allows “limited” volumes of European imports to enter the U.S. tariff-free, U.S. Commerce Secretary Gina Raimondo said Saturday. In return, the EU won’t impose retaliatory tariffs.

The agreement has big implications for markets, with some European steel producers enjoying gains Monday. Harley-Davidson CEO Jochen Zeitz called it a “big win” for the company. Investors clearly feel the same way, as the motorcycle maker’s stock climbed more than 8% in premarket trading.

It’s an even bigger win for international relations. European leaders were hopeful of a new dawn in the relationship with the U.S. after Joe Biden won last year’s presidential election. Things didn’t move as quickly as expected at first, leading to some frustration. But a17-year trade dispute over Boeing and Airbus subsidies was resolved in June and now the Trump-era steel and aluminum row has followed.

Of course there is more to it than just being friends with Europe; Raimondo said the agreement would relieve supply-chain problems and drive down costs for U.S. manufacturers and consumers. U.S. steel prices have surged close to 80% this year but a small correction could now be on thecards.

more

https://www.barrons.com/articles/things-to-know-today-51635758567?siteid=yhoof2

>>14899725

>Then the Lord put a mark on Cain