Published by Global Banking & Finance Review®
Posted on March 3, 2026
2 min readLast updated: April 2, 2026
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Japan's SMBC has about £100 million and Australia’s Macquarie under £50 million exposure to collapsed UK lender Market Financial Solutions (MFS); U.S. hedge fund Elliott holds about £200 million as lenders assess a potential £930 million collateral shortfall.
March 3 (Reuters) - Japan's Sumitomo Mitsui Banking Corp and Australia's Macquarie Group are among the companies exposed to Market Financial Solutions, a UK mortgage lender that collapsed last week, Bloomberg News reported on Tuesday, citing people familiar with the matter.
($1 = 0.7519 pounds)
(Reporting by Yamini Kalia and Simone Lobo in Bengaluru; Editing by Vijay Kishore)
SMBC has about 100 million pounds (approximately $133 million) in exposure to MFS.
Macquarie’s global markets unit has exposure of less than 50 million pounds to MFS.
MFS was placed into administration amid allegations of financial irregularities and mismanagement.
U.S. hedge fund Elliott Management also holds about 200 million pounds of mortgage-backed facilities tied to MFS.
MFS specialized in providing fast, flexible bridge loans and buy-to-let mortgages for intermediaries and clients.
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