American banker Jes Staley faces loss on the £6.4m of shares he bought to point to commitment to roleJes Staley begins his first day as chief executive of Barclays with a loss of almost £300000 on the shares he bought final month to point to his commitment to the role.
The American banker,who spent much of his career at JP Morgan, paid 233p for each of the 2.8m shares he bought on 4 November and is now facing a 10p loss on each share as they closed on Monday at 223p. He spent £6.4m buying the shares.
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Source: theguardian.com