Barclays Gets Splashed By a UK Credit Blowup

Barclays Gets Splashed By a UK Credit Blowup - Moby THE GIST Barclays just got dragged into an ugly U.K. mortgage finance collapse that is starting to smell like a private credit problem, not a one-off accident. The market’s not pricing in a new crisis, but it is remembering how these movies start. WHAT HAPPENED Barclays shares fell after reports linked the bank to potential losses tied to the collapse of Market Financial Solutions, a London-based specialist mortgage lender that has entered a UK insolven ...