US Seeks Independent Bankruptcy Probe of First Brands Crash

The federal watchdog for corporate bankruptcies joined a creditor’s demand for an independent investigation of the troubled ...

How Jefferies Found Itself at the Center of First Brands’ Collapse

The investment bank’s deep ties to the auto-parts maker are likely to draw questions at its annual investor day Thursday ...

Mapping the Scale of Beleaguered First Brands' Debts and Its Creditors

Trade finance firm Raistone, a creditor of First Brands, has asked a court to appoint an independent examiner after claiming ...

First Brands Bankruptcy Sends Shivers Through CLOs And BDCs

First Brands bankruptcy set off some selling in CLO CEFs and BDCs. The bankruptcy revealed hidden liabilities involving ...

Oaktree Made Money on First Brands With Early Exit, Marks Says

Distressed-debt specialist Oaktree Capital Management made a profit from investing in collapsed auto-parts supplier First ...

BofA's loans to bankrupt First Brands secured; Morgan Stanley has no exposure

Bank of America's syndicated loans to First Brands are secured by strong collateral, while Morgan Stanley has no exposure to ...

First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned

The embattled chief executive of First Brands, an American auto-parts maker that filed for bankruptcy last month amid an ...
InvestmentNews

Fallout from First Brands bankruptcy ripples through credit markets

Billions in missing funds and revelations of opaque financing spark federal probe and heighten concerns among creditors.

First Brands founder resigns amid accounting scandal and billions in missing funds

The founder and CEO of First Brands is resigning just weeks after the auto parts supplier filed for bankruptcy protection ...
The Economist

First Brands is a painful but necessary warning for Wall Street

The First Brands debacle shows why. First Brands is hardly a capital-markets backwater. Look at the roll call of institutions ...