Western Alliance sues Jefferies for fraud tied to First Brands loans
Regional bank filed lawsuit in New York state court on Friday
Regional bank filed lawsuit in New York state court on Friday

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

US securities watchdog is questioning what investors were told about exposure to the now-collapsed car parts group

Western Alliance and Zions Bank disclose exposure to alleged fraud

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

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

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