First Brands’ Fall Renews Concerns Over Murky Trade Finance

(Bloomberg) -- When the auto-parts supplier First Brands Group filed for bankruptcy on Sunday, one name popped up in the documents again and again: Raistone.  The little-known firm helps businesses secure short-term financing as they wait for customer payments to come through or seek to delay paying suppliers. On Tuesday, the New York-based company let go dozens of its workers as the deals it worked on for First Brands came under scrutiny. The collapse of First Brands is only the most recent instance of ...