DFIV - What's Going On With Barclays' Shares On Friday? | Benzinga
British multinational universal bank Barclays PLC (NYSE:BCS) shares are trading lower on Friday.
The Prudential Regulation Authority (PRA) has directed Barclays to conduct a detailed review of its leveraged finance exposure, in the wake of a broader examination of how U.K. banks are managing risks associated with private equity investments.
As financial institutions grapple with opaque private equity dealings, the PRA’s request indicates a major move to safeguard the sector against unforeseen financial losses, reported Reuters.
In April, the Bank of England expressed concerns about the banking industry's lack of comprehensive understanding of their total exposure to ...