With Jefferies (JEF) cutting its holdings of European sovereign debt in the wake of...

|By:, SA News Editor

With Jefferies (JEF) cutting its holdings of European sovereign debt in the wake of MF Global's collapse, could the market soon turn its attention to Barclays (BCS -2.9%)? Bloomberg highlights the bank's "$12.5B sovereign risk, $20.1B of risk to corporations and another $10.2B to financial institutions. It also has $66.6B of exposure in its retail business, 86% of which is to Spain and Italy."