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Barclays CEO says MFS impairment is 'materially lower' than £500M (BCS:NYSE)
Barclays CEO CS Venkatakrishnan expressed disappointment regarding the bank’s involvement with Market Financial Solutions (MFS), a property lender that recently collapsed. Despite the collapse, Venkatakrishnan stated that the anticipated impairment for MFS is “materially lower” than £500M. The article highlights this update on Barclays’ financial exposure to the failed lender.