Image copyright BRENDAN SMIALOWSKI
Barclays chief government Jes Staley has been fined £642,430 by regulators for breaching guidelines by making an attempt to determine a whistleblower.
The Financial Conduct Authority and the Prudential Regulation Authority mentioned he did not "act with due talent, care and diligence" in his response to a nameless letter acquired in June 2016.
The FCA and PRA started their probe into Mr Staley's conduct a 12 months in the past.
Barclays mentioned it might reduce his bonus by £500,000.
Directors delayed deciding how a lot Mr Staley's bonus can be docked till the investigation was full and so they knew the penalty imposed.
Mr Staley mentioned: "I've persistently acknowledged that my private involvement on this matter was inappropriate, and I've apologised for errors which I made.
"I settle for the conclusions of the board, the FCA, and the PRA, following their respective investigations, and the sanctions which they've every utilized."
Mr Staley earned £2.35m in 2016 and acquired a bonus of £1.3m.
The tremendous quantities to about a fifth of his whole compensation. It would have been greater than £900,000, however he was given a 30% low cost for settling at an early stage.
Analysis: Jonty Bloom, BBC enterprise correspondent
Many will assume that Jes Staley has obtained off evenly. He nonetheless has his job and the regulators stopped wanting saying that he was unfit to proceed in submit, which might have absolutely ended his profession at Barclays and probably in banking altogether.
As chief government of Barclays, Mr Staley ought to have been setting an instance of tips on how to take care of whistleblowing. Instead, when he acquired nameless allegations in opposition to a senior member of workers, who was additionally a pal, he set the bank's personal inside investigations unit to work to find the id of the whistleblower.
That issues, as a result of after the credit score crunch and bailout of the banking sector, regulators launched vigorous guidelines to encourage these with issues of wrongdoing to come back ahead. Mr Staley's actions straight undermined that very security valve.
Jes Staley now has the excellence of being the primary boss of a main monetary establishment to have been fined by the regulators and to have stored his job.
Questions raised
The subject dates again to June 2016, when members of the Barclays board acquired nameless letters elevating issues about a senior worker who had been recruited by the bank earlier that 12 months.
The letters, which have been handled as whistleblowing, raised issues of a private nature in regards to the senior worker, and Mr Staley's information of and position in coping with these points at an earlier employer.
They additionally raised questions over the appropriateness of the recruitment course of adopted by Barclays on this event.
Mr Staley requested the bank's safety chief, Troels Oerting, to try to determine the authors of the letters, which the chief government thought have been an unfair private assault on the senior worker.
Mr Oerting, who previously labored for Europol, contacted US federal regulation enforcement companies to assist monitor down the letter's origin, which had a US postmark.
Regulators will maintain an eye in future on how Barclays oversees whistleblowing. They have instructed the bank to report back to it yearly to elucidate the way it handles any points.
This consists of making senior managers give private assurances that whistleblowing protocols are being adopted correctly.
Mark Steward, from the FCA, mentioned: "Given the essential position of the chief government, the usual of due talent, care and diligence is extra demanding than for different staff.
"Mr Staley breached the usual of care required and anticipated of a chief government in a manner that risked undermining confidence in Barclays' whistleblowing procedures."
Barclays, although, famous in its assertion that there have been no findings by the FCA or PRA that Mr Staley acted with a lack of integrity nor any findings that he lacks health and propriety to proceed to carry out his position.
The chairman, John McFarlane, mentioned Barclays and its buyers stood behind Mr Staley: "The board has reiterated its assist for Jes, as have shareholders eventually week's annual common assembly."