Barclays Scales Back Small Borrower Lending After Losses
Barclays is scaling back asset-based lending to small borrowers after losses from MFS and Tricolor. The firm will now focus on larger corporate clients.
Xurve View
Insights:
Xurve View
Barclays PLC is scaling back its asset-based lending operations for smaller borrowers following the collapse of Market Financial Solutions Ltd and Tricolor Holdings, which left the firm facing significant losses. The financial institution, which is headquartered in the United Kingdom, is shifting its focus toward providing loans and securitization services for larger corporate clients as it navigates a more volatile credit environment.
