BUSINESSApr 28 · 09:27 UTCTHE GUARDIAN WORLDJulia Kollewe

Barclays cuts back risky lending after £228m hit from UK mortgage firm MFS

Barclays is reducing risky lending after a £228m loss from the collapse of mortgage lender Market Financial Solutions (MFS), which faced fraud allegations. The bank's CEO cited rising fraud and allocated an additional £105m for motor finance compensation.

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BarclaysorganizationMarket Financial SolutionsorganizationUK's financial regulatororganizationfraudtopicmotor finance compensationtopicchief executiveperson

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