A fund controlled by a unit of Jefferies Financial Group Inc. sunk nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group Inc. Jefferies’ own investment in that fund along with some First Brands loans it bought brings its total exposure to the now-bankrupt firm to $161 million, the bank disclosed on Wednesday. Most Read from Bloomberg The exposure is mostly through Point Bonita Capital, a division of Jefferies’ Leucadia Asset Management ...

Jefferies is a leading, global, full-service investment banking and capital markets firm. With 49 offices around the world, we offer insights and expertise to investors, companies and governments. NEW YORK--(BUSINESS WIRE)--In response to inquiries, Jefferies Financial Group, Inc. (NYSE: JEF) ("Jefferies†) announced today: On September 29, 2025, First Brands Group, LLC and certain of its affiliates ("First Brands†) filed voluntary petitions for Chapter 11 bankruptcy protection. First Brands is an afterm ...

(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 ...