According to Bloomberg, Elliott, Sumitomo Mitsui Banking Corporation, and Macquarie Group all have exposure to the UK mortgage company Market Financial Solutions Ltd. Sources say Elliott holds approximately £200 million ($268 million) in mortgage-backed securities related to the company, while Sumitomo Mitsui Banking Corporation’s exposure is about £100 million. Macquarie’s global markets division is also one of MFS’s investors, with an exposure of less than £50 million.
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UK lending institution MFS collapses, affecting multiple Wall Street firms, with Elliott, Macquarie, and others exposed.
According to Bloomberg, Elliott, Sumitomo Mitsui Banking Corporation, and Macquarie Group all have exposure to the UK mortgage company Market Financial Solutions Ltd. Sources say Elliott holds approximately £200 million ($268 million) in mortgage-backed securities related to the company, while Sumitomo Mitsui Banking Corporation’s exposure is about £100 million. Macquarie’s global markets division is also one of MFS’s investors, with an exposure of less than £50 million.