Wells Fargo and Barclays Face Scrutiny Over £85M Financing to Collapsed Headlam Group

Investigations reveal that Wells Fargo and Barclays provided substantial funding to UK flooring distributor Headlam Group shortly before its insolvency, raising questions about lending practices and risk assessment.

1 Sept, 15:19 — 1 Sept, 15:19

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bloombergHigh1d ago

Wells Fargo, Barclays Backed Collapsed Headlam With £85 Million

Wells Fargo & Co. and Barclays Plc provided as much as £85 million ($115 million) to Headlam Group Plc just months before the British flooring distributor appointed insolvency officials.

By Constantine Courcoulas and Tuhin Kar

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Wells Fargo and Barclays Face Scrutiny Over £85M Financing to Collapsed Headlam Group

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Wells Fargo, Barclays Backed Collapsed Headlam With £85 Million

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