Feb 26 (Reuters) – Jefferies has an exposure of about 100 million pounds ($135 million) to Market Financial Solutions, or MFS, a mortgage-finance firm that entered a UK form of insolvency this week, Bloomberg News reported on Thursday, citing a person familiar with the matter. The company’s shares were down over 8% in afternoon trading. […]
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Jefferies holds $135 million exposure to collapsed UK lender MFS, Bloomberg News reports
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Feb 26 (Reuters) – Jefferies has an exposure of about 100 million pounds ($135 million) to Market Financial Solutions, or MFS, a mortgage-finance firm that entered a UK form of insolvency this week, Bloomberg News reported on Thursday, citing a person familiar with the matter.
The company’s shares were down over 8% in afternoon trading.
Reuters could not independently verify the report. Jefferies declined comment.
($1 = 0.7407 pounds)
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shailesh Kuber)