Barclays takes £228mn hit from collapse of UK mortgage lender MFS
Bank to limit complex lending activities and reduce exposure to highly leveraged corporates
Bank to limit complex lending activities and reduce exposure to highly leveraged corporates

Bank among lenders to have identified issues with Market Financial Solutions after other high-profile failures

HSBC did not lend to collapsed mortgage provider MFS. It took a $400mn hit anyway

Investigation follows failure of Mayfair-based lender and linked companies owned by founder Paresh Raja

Creditors owed more than £2bn have made allegations of fraud at insolvent business

HSBC and Barclays executives tell House of Lords committee that they are losing ground to US rivals

US private capital giant becomes latest financial institution to suffer from exposure to collapsed UK mortgage lender