Barclays CEO Steps Down Amid Pressure Over Epstein Ties

Jes Staley stepped down as chief executive of Barclays PLC under pressure from regulators about how he characterized his relationship with the convicted sex offender and financier Jeffrey Epstein.

Barclays said Mr. Staley stepped down “in view of the conclusions” made by U.K. regulators in its long-running investigation into what Mr. Staley told the bank about his association with Mr. Epstein and what it told regulators about the relationship. Barclays shares fell 3% in early trading Monday morning in London.