LSE:BARCBanks
Barclays Impairment From Fraud Case Shifts Lending And Risk Balance
Barclays (LSE:BARC) has recorded a significant one off impairment tied to the collapse of Market Financial Solutions, a buy to let lender connected to an alleged fraud.
The bank is reducing its exposure to similar counterparties, tightening lending criteria for at risk segments of the market.
The impairment affects reported results and highlights a change in how Barclays approaches credit risk in certain specialist lending areas.
For you as an investor, this puts the spotlight on how a...