Former Barclays boss Jes Staley had sex with a member of serial pedophile Jeffrey Epstein’s staff, the banker said in court as he appeals against a proposed financial services ban.

Former Barclays boss Jes Staley had sex with a member of serial paedophile Jeffrey Epstein's staff, the banker told a court on the third day of his evidence as he appeals against a proposed financial services ban.

Barclays now expects the U.S. Federal Reserve to deliver two quarter-point interest rate cuts in June and September, the Wall Street brokerage said on Thursday, citing softer labor market conditions amid tariff uncertainty.

Barclays has lowered its expectations; now, it thinks the Federal Reserve will cut interest rates twice this year instead of once. This is due to unclear trade policy and the weakening U.S. job market.