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#FirstBrands

Yonhap Infomax Newsinfomaxkorea
2025-11-28

The US SEC has launched an investigation into Jefferies over its disclosure of exposure to bankrupt auto parts maker First Brands, focusing on internal controls and potential conflicts of interest.

en.infomaxai.com/news/articleV

S.v. N.Sönmeznsonmez84
2025-11-10

First Brands Group, borçlanma ve muhasebe usulsüzlükleri iddialarıyla 10 milyar dolar borçla iflas etti. Wall Street'i sarsan bu gelişme, finansal şeffaflığın önemini ortaya koyuyor. Jefferies de etkilendi. Yatırım tavsiyesi değildir!

🚩

Hunkabilly 🌵🌊hunkabilly.bsky.social@bsky.brid.gy
2025-10-10

#FirstBrands #financial #breakingnews archive.is/2025.10.10-0...

souvlaki at KillBaitsouvlaki@killbait.com
2025-10-10

Cantor Explores New Deal with UBS O’Connor Involving First Brands Investments

The Bloomberg article reports that Cantor is looking to negotiate a new deal with UBS O’Connor that would involve exposure to First Brands. While the original source could not be accessed due to a website access restriction, the headline suggests that the financial firm is pursuing new investment ar... [More info]

⚯ Michel de Cryptadamus ⚯cryptadamist@universeodon.com
2025-10-09

it's looking increasingly possible that the implosion of a random auto parts company could lead to a full blown financial crisis.

billions of dollars is apparently just straight up missing. multiple companies that are getting hit in the fallout are crypto players, including #HowardLutnick's #CantorFitzgerald and #crypto bank #WesternAllianceBank (#WAL) which is part of #TassatPay.

* x.com/junkbondanalyst/status/1
* x.com/junkbondanalyst/status/1

cc @GhostOnTheHalfShell

#firstbrands #firstbrandsgroup #bankruptcy #jefferies #economics #uspol #uspolitics #autoparts #cryptocurrency #banking #bank #investmentbanking #investmentbank

*FIRST BRANDS CREDITOR SAYS UP TO $2.3 BILLION 'SIMPLY VANISHED', SEEKS INVESTIGATION Raistone, a provider of short-term financing that worked on deals for First Brands, is demanding an independent examiner be appointed in the Chapter 11 bankruptcy proceedings after alleging that as much as $2.3bn has "simply vanished." On October 2, a bankruptcy lawyer for First Brands told Raistone that advisors don't know if First Brands has received an estimated $1.9bn. This followed the "first day hearing" where First Brands won access to a $1bn+ DIP financing to prevent the business from collapsing. In one of the most bizarre email exchanges, Raistone's lawyer asked two simple questions: "First, do we know whether First Brands actually received $1.9bn (no matter what happened to it), and second, would you tell us how much is in the segregated accounts in respect of the factored receivables as of today?" The response from Sunny Singh of Weil Gotshal: "#1 - We don't know. #2 - $0."Ripple effects from the First Brands implosion are hitting everywhere: 1) Cantor Fitzgerald's purchase of UBS O'Connor ($117mm+ loss, looking to change terms) 2) Millennium ($100mm+ loss) 3) Raistone ($2.3bn has "simply vanished") 4) Blackrock pulling capital from Jefferies funds 5) Western Alliance Bank (undisclosed loss)
Pirates of the PacificPiratesofthepacific
2025-09-27

Let's talk about American lenders filing for Bankruptcy and the US Dollar .

youtu.be/8xrlr_vl9zs

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