Finance
Elliott, SMBC and Macquarie Exposed to Collapsed Lender MFS
Elliott Investment Management, SMBC and Macquarie Group Ltd. are exposed to Market Financial Solutions Ltd., adding to the list of Wall Street firms caught up in its collapse.
Elliott holds about £200 million ($268 million) of mortgage-backed facilities tied to the failed lender while Sumitomo Mitsui Banking Corp. has about £100 million of exposure, people familiar with the matter said. Macquarie’s global markets unit is among the investors in MFS with an exposure of less than £50 million, another person familiar said.