Barclays boss Jes Staley said he “deeply regrets” his connection with sex offender Jeffrey Epstein.
His comments come after Barclays revealed that UK regulators are investigating the chief executive’s links with the disgraced financier.
Mr Staley admitted he maintained contact with Epstein, who died in New York prison cell last year, for seven years after his conviction.
Barclays said Mr Staley has the “full confidence” of the board.
“It has been very well known I had a professional relationship with Jeffrey Epstein,” Mr Staley told reporters on Thursday. “It goes back to 2000 when I was asked to run the JP Morgan private bank and he was already a client when I joined the private bank.
“The relationship was maintained during my time at JP Morgan but as I left JP Morgan the relationship tapered off quite significantly. Obviously I thought I knew him well and I didn’t. For sure, with hindsight with what we know now, I deeply regret having any relationship with Jeffrey.”