Barclays is currently navigating a series of challenges, ranging from IT outages affecting customers to the ongoing legal battles of its former CEO, Jes Staley. Let's take a look at the latest developments.
IT Outages and Customer Compensation
Barclays is set to pay out millions in compensation to customers affected by recent IT outages that disrupted banking services. These outages prevented customers from accessing their accounts and conducting essential transactions. The bank is working to rectify the situation and ensure that such disruptions are minimized in the future. 
Staley's Legal Battle Over Epstein Ties
Former Barclays CEO Jes Staley is embroiled in a high-stakes legal battle to overturn his ban from the City of London. The ban stems from allegations that he misrepresented the extent of his relationship with the deceased sex trafficker Jeffrey Epstein. Staley is challenging the ban and attempting to clear his name, asserting that he would never expose his family to a paedophile.
Next week, Staley will present his case, revealing conversations with Epstein in an attempt to prove his innocence and restore his reputation. This legal challenge comes nearly two and a half years after he was banned from the City for allegedly lying about the extent of his relationship with Jeffrey Epstein.
"The former banking boss is hoping to convince judges to overturn the reputation-shattering ruling."
The outcome of this courtroom battle could have significant implications for Staley's future career and his standing in the financial community. 
Mega Job Fairs in Manila
In other news, Robinsons Malls, in partnership with the Department of Labor and Employment and the Manila City Government, is hosting a series of mega job fairs throughout the year at Robinsons Manila and Robinsons Otis. These job fairs aim to provide employment opportunities for residents of Manila and beyond. This initiative is a positive step towards addressing unemployment and boosting the local economy.
Insider Trading at CQS New City High Yield
Finally, Wendy Dorman, an insider at CQS New City High Yield (LON:NCYF), recently purchased 38,600 shares of the company's stock. The transaction, which took place on March 3rd, involved an average price of GBX 51 ($0.66) per share, totaling £19,686 ($25,375.10). The stock is reportedly trading up slightly. 
These diverse stories highlight the dynamic nature of the business world, from the challenges faced by major financial institutions to the opportunities available to job seekers and investors.