City whistleblowers should be rewarded for their actions, according to Liberal Democrat member of the House of Lords Susan Kramer.

According to The Times, Baroness Kramer revealed concern that Barclays chief executive Jes Staley had remained leading the bank despite being reprimanded for trying to uncover the identity of a whistleblower.

Baroness Kramer is quoted in The Times saying: “It seems to me that we still have this very negative view of whistleblowers.

“They’re treated as if they’re snitches, rather than people who are trying to keep their industry honest.”

Staley still faces investigation by the Financial Conduct Authority after his attempt to discover the identity of the author of an anonymous letter received by the bank.