Apr 11, 2017
Barclays ditched whistleblowing service last month
Barclays cut ties with a company set to provide the bank with anonymous whistleblowing services weeks before it revealed that chief executive Jes Staley had attempted to uncover the identity of an internal informant, the Financial Times can reveal. The UK bank last month withdrew from an agreement with Endinel, a technology company that offers financial services firms anonymous internal chat services for whistleblowing and other issues such as bullying, according to people briefed on the plans. Barclays began working with Endinel in early 2016, but the project was cancelled last month even though it was expected to go live in April, one of the people said. The whistleblowing allegations stem from an attempt by Mr Staley to protect a Barclays colleague from what he deemed an "Unfair attack" in two anonymous letters last June. The Barclays board said it would cut his annual pay package, which was £4.2m last year.
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