Jefferies says First Brands losses can be absorbed
Bank denies earning undisclosed fees on financing provided to auto parts supplier through ‘side letter’
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Jefferies reports new $10mn First Brands loss as it writes off exposure
Investment fund owned by bank provided off-balance sheet financing to collapsed car parts supplier
SEC probes Jefferies over First Brands
US securities watchdog is questioning what investors were told about exposure to the now-collapsed car parts group
Apollo builds bet against debt of under-fire auto parts supplier
Ohio-based First Brands Group has come under scrutiny for its invoice factoring
First Brands debt plunges as worries mount over US car parts group
Loans trade at distressed levels after ‘chaotic’ selling as investors brace for tricky restructuring
JPMorgan warns First Brands fallout driving up banks’ funding costs
Concerns mount about hidden exposure to private capital firms and hedge funds in wake of credit market wobbles
First Brands at breaking point as it scrambles to avoid liquidation
The company is relying on a $48mn infusion from automakers to continue operating