Barclays Plc and Atlas SP Partners are among Wall Street firms that helped arrange more than £2 billion ($2.7 billion) of loans to a UK mortgage-finance company that has unraveled amid allegations of financial irregularities.
Market Financial Solutions Ltd., or MFS, collapsed into a UK form of insolvency Wednesday, with the judge overseeing the case citing accusations of fraud and double-pledging of assets. Barclays and Atlas, the structured-credit arm of Apollo Global Management Inc., each lent hundreds of millions of dollars.
