Barclays plays down £20bn exposure to private credit industry
The Guardian – World —
CEO says bank has ‘right controls’ in place despite warnings about industry from IMF and Bank of EnglandBarclays has insisted it has the “right controls” in place to manage a £20bn exposure to the under-fire private credit industry despite warnings from the International Monetary Fund (IMF) and the Bank of England.The bank’s chief executive, CS Venkatakrishnan, said it ran a “very risk-controlled shop” and was comfortable with its lending standards to the private credit industry. Continue reading...