Barclays and Apollo's Atlas Lend Hundreds of Millions to MFS
Barclays (BCS) and Atlas, the structured-credit arm of Apollo Global (APO), each lent hundreds of millions of dollars to mortgage-finance company Market Financial Solutions, or MFS, which collapsed into the United Kingdom's form of insolvency Wednesday with the judge overseeing the case citing accusations of fraud and double-pledging of assets, people familiar with the matter told Bloomberg's Constantine Courcoulas and Donal Griffin. Banco Santander (SAN) and Castlelake LP are also among the lenders, the report stated.
