Barclays PLC Shares Stay Under Pressure as MFS Fallout Meets Oil Shock
Barclays shares fell 2.86% Monday as investors assessed its £495 million exposure to failed lender Market Financial Solutions and a surge in oil prices hit UK assets. The FTSE 100 and FTSE 250 both closed at five-week lows. Barclays declined to comment on regulatory scrutiny over its MFS exposure. Santander and other European banks also saw losses as crude oil jumped over 25% to nearly $120 a barrel.