Market Chatter: Barclays Owed Almost $669 Million by Market Financial Solutions

MT Newswires Live
03/04

Barclays (BCS) is owed about 500 million British pounds ($668.8 million) by companies associated with collapsed UK mortgage lender Market Financial Solutions, Bloomberg News reported Wednesday, citing a person familiar with the matter.

The amount is below the 600 million pound exposure initially expected by the judge overseeing the collapse of Market Financial Solutions last week, the person told Bloomberg.

The sum compares with about 400 million pounds owed to Apollo Global Management's (APO) Atlas SP Partners unit and about 200 million pounds owed to Elliott Investment Management, according to the report.

Barclays did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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