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Story summary
- Barclays Plc is reducing lending to smaller borrowers after losses from Market Financial Solutions Ltd. and Tricolor Holdings.
- Barclays will focus on loans and securitizations for corporations and raise pricing to manage risk.
- Barclays is owed about £495 million by Market Financial Solutions Ltd.
- Barclays has recorded a £110 million impairment charge related to Tricolor Holdings.
- CEO CS Venkatakrishnan expressed disappointment over involvement in these cases and cited fraud concerns.
