SEC probes Jefferies over First Brands
US securities watchdog is questioning what investors were told about exposure to the now-collapsed car parts group
US securities watchdog is questioning what investors were told about exposure to the now-collapsed car parts group

Investment fund owned by bank provided off-balance sheet financing to collapsed car parts supplier

Potential violations of securities, bank and wire fraud laws under scrutiny in failure of car parts maker

Bank denies earning undisclosed fees on financing provided to auto parts supplier through ‘side letter’

Collapse of automotive parts supplier puts spotlight on arcane practice of working capital finance

Some creditors want an independent trustee involved in car parts maker’s bankruptcy process

Loans trade at distressed levels after ‘chaotic’ selling as investors brace for tricky restructuring