Barclays Shares Decline on Reported Exposure to MFS
Barclays shares fell Friday on reports of a 600 million pound exposure to collapsed lender MFS. Analysts say the impact on the balance sheet remains unclear.
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Shares in Barclays PLC declined during early trading on Friday following reports of potential financial exposure to the collapse of a mortgage provider in the United Kingdom. By 08:22 GMT, the bank's stock was down 1.1% at 467 pence per share, underperforming the FTSE 350 index of bank stocks, which rose 0.18% in the same period.
