Business & Economy
Bank of England said to be reviewing Barclays’ handling of private credit loans
Source: Business | The Guardian · Published
Concerns financial contracts known as derivatives were incorrectly logged, potentially boosting Barclays’ profits The Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector. The Bank’s regulatory arm, the Prudential Re
Concerns financial contracts known as derivatives were incorrectly logged, potentially boosting Barclays’ profits The Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector. The Bank’s regulatory arm, the Prudential Regulation Authority (PRA), started reviewing the matter earlier this year after concerns were raised by a Barclays insider, according to the Financial Times. Continue reading...
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