Revealed: Barclays’ last-ditch MFS deals before £1.3bn ‘fraud’ collapse

Barclays is facing questions in the City about what it knew about scandal-hit Market Financial Solutions (MFS) after reducing its exposure in the months running up to its collapse. MFS paid off millions of pounds owed to Barclays by borrowing from other banks before it plunged into administration, which led to accusations of a £1.3bn fraud by the company.