The chief executives of Barclays have often met sticky ends but Mr Staley's fall from grace has been long and painful both for him and the bank.
It is a list that includes the former HBOS banker Peter Cummings, the former Co-op Bank finance director Barry Tootell and the former Credit Suisse First Boston trader James Archer, son of the author and Conservative peer Lord Archer - and now it includes Jes Staley, the former Barclays chief executive. Banning someone from working in financial services is one of the ultimate sanctions that can be brought to bear by the Financial Conduct Authority .
John McFarlane, the guitar-strumming, Feng Shui-loving, chairman at the time, decided that Mr Jenkins's successor needed to be someone who understood investment banking as well as commercial and retail banking. It was for that reason that he reached for Mr Staley, a Wall Street veteran who had spent 35 years at JPMorgan, although much of that time had been spent in the bank's asset management and private banking divisions rather than in out-and-out investment banking on trading.
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