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Market Chatter: Barclays, ADCB File Claims with Trustee Overseeing Emirati Remittance Company's Bankruptcy

MT Newswires·10/23/2026 09:51:57
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09:51 AM EDT, 10/23/2026 (MT Newswires) -- Thirty-six creditors, including Barclays (BARC.L) and London-based investment firm Fidera, are seeking payout from the bankrupt United Arab Emirates Exchange Center LLC, Bloomberg News reported Friday, citing a report it saw. Abu Dhabi Commercial Bank (ADX:ADCB) and Bank of Baroda are also among the creditors that filed claims with the court-appointed trustee overseeing the bankruptcy of the remittance provider, according to the news outlet. The trustee has not disclosed the total value of the claims and has requested more time to verify them, the report said. Barclays, Fidera, and United Arab Emirates Exchange Center LLC did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)