Barclays cuts back risky lending after £228m hit from UK mortgage firm MFS
Bank’s chief executive points to rising fraud as it sets aside a further £105m for motor finance compensation
https://www.theguardian.com/business/live/2026/apr/28/bp-profits-double-iran-war-oil-price-stock-markets-live-updates">Business live – latest updates
Barclays is pulling back from lending to risky borrowers, as its chief executive warned of increasing numbers of fraud cases and the bank took a £228m hit from the failure of a mortgage lender.
The mortgage lender Market Financial Solutions (MFS) collapsed in February amid allegations of fraud and the UK’s financial regulator has since https://www.theguardian.com/business/2026/mar/20/fca-investigates-mfs-mortgage-lender">launched an investigation into the scandal.
https://www.theguardian.com/business/2026/apr/28/barclays-lending-uk-mortgage-firm-mfs-bank-profits-motor-finance">Continue reading...Barclays profits beat estimates
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