Barclays Reviewed Loan Book After Getting Stung by Tricolor

Barclays Plc has conducted a review of its entire loan portfolio after the British lender was stung by the chaotic collapse of Tricolor Holdings.

While the lender had no exposure to First Brands — the other high profile bankruptcy that rocked credit markets in recent months — Chief Executive Officer CS Venkatakrishnan said all lenders have to remain vigilant about client selection and the terms under which they lend.