Jefferies Has £100 Million Exposure to Failed UK Lender MFS (1)

(Updates with stock reactions.)

Jefferies and Wells Fargo are among the lenders to Market Financial Solutions, or MFS, a mortgage-finance firm that entered a UK form of insolvency this week, according to people familiar with the matter.

• Jefferies’ exposure is about £100m, according to person, who requested anonymity as details aren’t public
• Spokespeople for the two banks declined to comment
• Bloomberg reported earlier that a group of lenders arranged more than £2b of loans to MFS. Barclays and Atlas each lent hundreds of millions of dollars
• NOTE: Barclays, Atlas Among Firms Exposed to Collapsed UK Lender MFS
• NOTE: Jefferies was ...