Barclays Says it Has No Big Exposure to Troubled U.S. Funds

British bank Barclays on Friday said it had some exposure to funds that have lost money from investing in sub-prime mortgage assets in the United States, but that any loss in relation to the exposure would not be material.

Barclays Capital has about $300 million exposed to a Bear Stearns hedge fund that is on the brink of collapse, according to several media reports.

Barclays confirmed in a statement that in the ordinary course of its business Barclays Capital had some exposure to funds investing in the troubled U.S. mortgage assets, but did not quantify the amount.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Tang is known by her stage name G.E.M. She is a Hong Kong based pop artist who has a powerful voice and a diverse fan base. Her 80 concerts from 2013 to 2015 helped make her one of the top-grossing singers in Asia.

  • "Mad Money" host Jim Cramer on what the highly anticipated Apple Watch could mean for the stock.

  • Mad Money host Jim Cramer explains how he ranks stocks for when things are going good, or go horribly wrong.