How a flashy Utah-based leasing firm lent billions to First Brands
Onset Financial called itself a ‘dominant force’ in financing everything from chickens to helicopters but it ended up as First Brands’ biggest creditor
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UBS to liquidate funds with substantial First Brands exposure
Swiss bank grapples with $500mn of exposure to First Brands across its investment arms
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
First Brands financier says ‘a lot of people made a lot of money’ from bankrupt…
Head of trade finance provider says some lenders made out handsomely before car parts company imploded
First Brands formally accused of ‘massive fraud’ by lenders
Some creditors want an independent trustee involved in car parts maker’s bankruptcy process
SEC probes Jefferies over First Brands
US securities watchdog is questioning what investors were told about exposure to the now-collapsed car parts group
First Brands rescue loan tumbles in value as bankruptcy drags on
Debt intended to stabilise the auto parts maker has fallen sharply to trade at about 70 cents on the dollar