Finance
Jefferies holds $135 million exposure to collapsed UK lender MFS, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on February 26, 2026
1 min readLast updated: February 26, 2026
Tags:UK economy
Quick Summary
Bloomberg reports Jefferies has roughly £100m ($135m) exposure to Market Financial Solutions, which entered UK administration this week. Other lenders are also linked, pointing to broader credit ripple effects.
Jefferies Has $135 Million Exposure to Insolvent UK Lender MFS
Jefferies’ Exposure to MFS
Feb 26 (Reuters) - Jefferies has an exposure of about 100 million pounds ($135 million) to Market Financial Solutions, or MFS, a mortgage-finance firm that entered a UK form of insolvency this week, Bloomberg News reported on Thursday, citing a person familiar with the matter.
Stock Market Reaction
The company's shares were down over 7.2% in afternoon trading.
Exchange Rate Reference
($1 = 0.7407 pounds)
Source and Attribution
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shailesh Kuber)
Key Takeaways
- •Jefferies has about £100m ($135m) exposure to Market Financial Solutions, according to Bloomberg reporting. (news.bloomberglaw.com)
- •MFS, a UK mortgage/bridging lender, entered administration (a UK insolvency process) this week following court approval. (9fin.com)
- •Other lenders reportedly include Wells Fargo, while Barclays and Atlas are among firms exposed to over £2bn of MFS loans. (news.bloomberglaw.com)
- •Sector sources say administration aims to preserve operations and loan servicing while issues with banking access are addressed. (mpamag.com)
- •Both Jefferies and other named banks declined to comment in initial reports; market watchers are assessing credit implications. (news.bloomberglaw.com)
Frequently Asked Questions about Jefferies holds $135 million exposure to collapsed UK lender MFS, Bloomberg News reports
1What is the main topic?
Jefferies’ approximately £100m ($135m) exposure to Market Financial Solutions after the UK lender entered administration in late February 2026, as reported by Bloomberg. (news.bloomberglaw.com)
2What happened to Market Financial Solutions (MFS)?
A UK court approved MFS entering administration, a formal insolvency process intended to stabilize operations while independent administrators oversee the firm. (9fin.com)
3Which other banks are connected to MFS?
Reports name Wells Fargo among lenders to MFS, with Barclays and Atlas also exposed through a consortium that arranged more than £2bn of loans. (news.bloomberglaw.com)
