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Jefferies discloses $715M exposure to First Brands
Yahoo Finance· 2025-10-08 12:31
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Investment bank Jefferies disclosed Wednesday that one of its credit funds has roughly $715 million in exposure linked to bankrupt auto parts supplier First Brands. The exposure represents nearly a quarter of a $3 billion trade finance portfolio managed by Point Bonita Capital, a subsidiary of Jefferies’ Leucadia Asset Management. Not all of the exposure is carried o ...