Core Viewpoint - Jefferies Financial Group has stated that its exposure to the bankrupt auto parts maker First Brands Group is limited, and any potential losses are manageable and "readily absorbable" [1] Company Summary - Jefferies Financial Group's exposure to First Brands Group is characterized as limited [1] - The company anticipates that any potential losses from this exposure will not significantly impact its financial stability [1]

ab 9 October 2025 Tesla rolled out lower-cost Model 3/Y Tesla introduced a more affordable version of its Model 3/Y SUV priced at US$36,990/US $39,990, featuring simplified interiors and exteriors, fewer amenities, and a reduced range. The lower-cost Model 3/Y can be ordered immediately, deliveries are scheduled to begin in November. Production will start at Tesla's US plant first, with manufacturing at the Shanghai plant anticipated to launch in Q126. We believe the launch of the lower- cost Model 3/Y coul ...

Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm Point Bonita Capital are under investigation for potential violations of federal securities laws related to their significant exposure to First Brands Group, which recently declared bankruptcy [1][4]. Group 1: Company Overview - Jefferies is an investment banking and capital markets firm, while Point Bonita Capital serves as its trade finance division [2]. - Both firms were closely associated with First Brands Group, an auto parts supplier that filed for bankruptcy in September 2025 [2]. Group 2: Financial Exposure - On October 8, 2025, Jefferies disclosed that it and Point Bonita had approximately $715 million in exposure to First Brands' receivables, accounting for about 25% of Point Bonita's trade finance portfolio [3]. - Following this announcement, Jefferies' stock price dropped by $4.66, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [3]. Group 3: Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether Jefferies and/or Point Bonita made materially false and misleading statements to investors regarding their exposure to First Brands [4].

(Bloomberg) -- Auditing firm BDO USA has slashed costs as it managed an expensive debt agreement with Apollo Global Management Inc.BDO has laid off dozens of employees in recent months and halted non-essential travel earlier this year, according to people familiar with the situation, who asked not to be identified discussing private matters. Cuts have affected business lines including audit, tax and advisory, one of the people said. The belt-tightening comes as one of BDO’s clients, the now-bankrupt First B ...

Jefferies is facing redemption requests from investors who had money in a hedge fund arm of the bank, Point Bonita Capital, which had a quarter of one of its portfolios — some $715 million — tied to First Brands. The situation is a particular threat to Jefferies’ reputation because the bank also helped First Brands sell a significant chunk of its long-term loans over the past decade.Raistone, the company that called for the investigation, and that had facilitated First Brands’ short-term borrowing, derived ...

Autolite spark plugs at an auto parts store in Memphis.Photograph: Houston Cofield/Bloomberg/Getty Images Financial problems at the maker of spark plugs, wiper blades, brake calipers, brake shoes, tow hitches and motor oil has caused intense anxiety on Wall Street in recent weeks. Car parts are not usually something that causes finance chiefs to lose much sleep. But the potentially multibillion-dollar financial crisis surrounding First Brands has them rattled. As ever in finance, it’s what investors don’ ...

Federal prosecutors are looking into the circumstances around the spectacular collapse of auto-parts supplier First Brands, according to a source https://t.co/IfIqpU3LD7 ...

Key Takeaways JEF shares dropped 7.9% after disclosing its exposure tied to First Brands' Bankruptcy.Jefferies detailed exposure through Point Bonita's trade-finance portfolio tied to First Brands.Apex-managed CLOs hold about $48 million of First Brands' loans, roughly 1% of total CLO assets.Jefferies Financial Group Inc. (JEF) disclosed its indirect exposure to First Brands Group, LLC, which filed for Chapter 11 bankruptcy protection on Sept. 29, 2025. This sparked a negative sentiment among investors, and ...

First Brands’ elusive CEO is just one of the red flags Wall Street missed as the auto-parts supplier's business imploded https://t.co/2mvr2k1O9h ...

Swedish auto safety gear maker Autoliv , said on Thursday it plans to form a joint venture with Chinese electric vehicle electronics group Hangsheng Electric to make safety electronics for the Chinese... ...