Barclays pulls back on asset-based lending after MFS, Tricolor collapse, Bloomberg News reports

Barclays is reducing its asset-based lending to smaller borrowers. This follows losses related to the collapse of Market Financial Solutions Ltd and Tricolor Holdings. Bloomberg News reported this on Wednesday. The lender’s exposure to these two companies contributed to this decision. Barclays is scaling back this specific lending activity. The report did not provide further details about the scale of the reduction or future plans.