Creditors of Wall Street-Backed MFS Claim £1.3 Billion Shortfall

Creditors of Market Financial Solutions Ltd., the failed UK mortgage company, are facing a shortfall of £1.3 billion ($1.8 billion) and have discovered a network of companies that were closely...

By Constantine Courcoulas, Donal Griffin, Jonathan Browning · Bloomberg Markets

Creditors of Market Financial Solutions Ltd., the failed UK mortgage company, are facing a shortfall of £1.3 billion ($1.8 billion) and have discovered a network of companies that were closely linked to its owner, according to fresh court filings.