The Economist

First Brands is a painful but necessary warning for Wall Street

The First Brands debacle shows why. First Brands is hardly a capital-markets backwater. Look at the roll call of institutions ...

Mapping the scale of beleaguered First Brands' debts and its creditors

Auto parts maker First Brands' bankruptcy has sent ripples through credit markets in recent weeks, casting a spotlight on the ...

US Seeks Independent Bankruptcy Probe of First Brands Downfall

The federal watchdog for corporate bankruptcies joined a creditor’s demand for an independent investigation of the troubled ...

First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned

The embattled chief executive of First Brands, an American auto-parts maker that filed for bankruptcy last month amid an ...

BofA's loans to bankrupt First Brands secured; Morgan Stanley has no exposure

Bank of America's syndicated loans to First Brands are secured by strong collateral, while Morgan Stanley has no exposure to ...

Oaktree Made Money on First Brands With Early Exit, Marks Says

Distressed-debt specialist Oaktree Capital Management made a profit from investing in collapsed auto-parts supplier First ...

First Brands founder resigns amid accounting scandal and billions in missing funds

The founder and CEO of First Brands is resigning just weeks after the auto parts supplier filed for bankruptcy protection ...

Jefferies Stock Drops 9% Amid Questions on First Brands

Jefferies Financial, whose stock had dropped roughly 18% since late last month, lost another 9% Thursday, during a [selloff ...
Crain's Detroit Business

First Brands’ elusive CEO steps down as pain grows; local turnaround vet takes reins

Patrick James, the little-known chief executive officer of bankrupt First Brands Group, has stepped down as fallout from the ...
InvestmentNews

Fallout from First Brands bankruptcy ripples through credit markets

Billions in missing funds and revelations of opaque financing spark federal probe and heighten concerns among creditors.
Crain's Cleveland Business

Automakers exposed to bankrupt aftermarket supplier First Brands

The industry might have additional exposure to Cleveland-owned and Rochester Hills, Michigan-based First Brands, whose brands ...

First Brands, Tricolor collapses raise fears of credit stress, with Dimon warning of 'more cockroaches'

The bankruptcies of U.S. auto parts supplier First Brands and car dealership Tricolor have prompted soul searching on Wall ...