Jefferies disclosed a roughly 100 million‑pound exposure to Market Financial Solutions (MFS), a UK mortgage‑finance company that entered insolvency on February 25 2026. The exposure translates to about $135 million and has become a non‑performing asset as MFS’s operations collapsed.
The loss is material to Jefferies’ balance sheet and could affect the firm’s financial results for the current quarter, according to the Reuters report.
MFS’s insolvency followed a series of liquidity challenges that led to the UK regulator’s intervention. Jefferies had provided both lending and financing to MFS, and the collapse of the lender has turned those commitments into a credit loss.
Analysts note that the $135 million hit is significant for a firm of Jefferies’ size, potentially tightening its capital ratios and prompting a review of its exposure to mortgage‑finance entities.
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