Barclays (BARC LN) and Atlas among firms exposed to collapsed UK lender MFS, according to Bloomberg TV
Importance
Level 1
- Apollo (APO) and Santander (SAN SM) also among the lenders exposed to the MFS collapse.
- Barclays and Atlas are among firms that helped arrange more than GBP 2bln of loans to MFS, that has collapsed amid allegations of financial irregularities.
- Barclays and Atlas each lent hundreds of millions of dollars.
- The judge overseeing the case which resulted in MFS insolvency on Wednesday, cited accusations of fraud and double-pledging of assets.
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