Morgan Stanley was among first global banks to back MFS before boom and bust
- Posted on June 25, 2026
- By Business News Today
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- 1 min read
Morgan Stanley was among first global banks to back MFS before boom and bust
Morgan Stanley initially backed British private credit firm Market Financial Solutions (MFS) before its collapse under $2.4 billion in debt. Documents reveal the US investment bank bought £50 million in loan notes from a company controlled by MFS founder Paresh Raja. This early support lent credibility to MFS, which later attracted major banks like HSBC, Barclays, and Wells Fargo, before facing regulatory investigations and significant creditor losses.
