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0.000170496754472617 -0.000414063546576099 -0.00153447079025245 -0.00376225445422769 -0.000809859583744308 -6.08916980258358E-05 -6.08916980258358E-05 -6.08916980258358E-05
Stock impact report

Bank of England investigates collapse of £2bn shadow bank [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
Officials at the Prudential Regulation Authority (PRA) have requested information from lenders including Barclays that backed Market Financial Solutions (MFS), a private credit provider that was placed into administration amid allegations of fraud last week. PRA, a division of the central bank that regulates lenders, is reportedly concerned about insufficient risk assessment and due diligence by banks of MFS and its related companies, according to the Financial Times , which first reported the news. The PRA is also investigating whether banks have indirect exposure through lending to private capital groups that may have backed MFS independently. A Bank of England spokesman said: “We are constantly monitoring the financial system and wider markets and stay in close contact with firms. It is the responsibility of firms to manage the risks to which they are exposed.” The enquiries come amid a broader upheaval in the private credit sector. Shares in BlackRock tumbled by 6pc in th Show less Read more
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