Bank of England said to be reviewing Barclays’ handling of private credit loans
What the 2 sources said
“Bank of England said to be reviewing Barclays’ handling of private credit loans”
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, started reviewing the matter earlier this year after concerns were raised by a Barclays insider, according to the Financial Times. Continue reading...
Read at The Guardian – UK“Bank of England said to be reviewing Barclays’ handling of private credit loans”
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 this year after concerns were raised by a Barclays insider, according to the Financial Times. Continue reading...
Read at The Guardian – WorldWhat the reports add
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