The Guardian Australia – Business
·business
·3 hours ago
Barclays reduces risky lending amid £228 million loss and fraud concerns
Barclays reduced risky lending after suffering a £228 million loss due to the collapse of Market Financial Solutions in February. CEO CS Venkatakrishnan highlighted rising fraud concerns and emphasized the need for stronger financial controls among borrowers. The bank's credit impairment charges rose to £823 million in the first quarter of 2026 amid growing scrutiny of the private credit industry.
Summary by Glance · The Guardian Australia – Business
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