Barclays Reviewed Loan Book After Getting Stung by Tricolor (2)

Barclays Plc has conducted a review of its entire loan portfolio after the British lender was stung by the chaotic collapse of Tricolor Holdings.

While the lender had no exposure to First Brands — the other high profile bankruptcy that rocked credit markets in recent months — Chief Executive Officer CS Venkatakrishnan said all lenders have to remain vigilant about client selection and the terms under which they lend.

“I’m obviously not happy about it,” Venkatakrishnan said of the Tricolor exposure in an interview on Bloomberg Television. “We are looking at what lessons we have ...