Barclays PLC’s £495 Million MFS Exposure Puts Private-Credit Risks Back in Focus
Barclays PLC is owed about £495 million after the collapse of mortgage lender Market Financial Solutions, down from an earlier estimate of £600 million. Administrators warned of a possible £930 million collateral shortfall, with some assets potentially pledged multiple times. Santander and Jefferies also face exposure. Barclays declined to comment on its current risk.