Jes Staley, the chief executive of Barclays, will lose his annual bonus after two regulators opened an investigation into his conduct in a whistleblowing case.
He had tried to discover who wrote a whistleblowing letter to the bank.
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) will investigate his conduct.
Barclays will also dock Mr Staley’s pay by as much as £1.3m, or all of his annual bonus.
He will also be issued with a formal written reprimand.
Mr Staley said: “I will co-operate fully with the Financial Conduct Authority and the Prudential Regulation Authority, which are now both examining this matter.
“Our whistleblowing process is one of the most important means by which we protect our culture and values at Barclays and I certainly want to ensure that all colleagues, and others who may…
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