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US prosecutors are examining a group of telecommunications companies after HPS Investment Partners (HPS), the private credit arm of BlackRock, reported that it had provided more than US$400m in loans secured against receivables that now appear to be fictitious. According...
#asset-backed finance#BlackRock#fake receivables
While European banks have long integrated credit insurance into their credit risk and capital optimisation strategies, US banks have historically…
#Brown & Brown#collapse#credit insurance
The US government’s bankruptcy watchdog has requested the appointment of an independent examiner to investigate the collapse of auto parts…
#bankrupcy#First Brands
Patrick James, the founder and long-time CEO of First Brands, stepped down on Monday, just weeks after the auto parts…
#debt-finance deals#First Brands#Point Bonita
After several years of strong results, trade credit insurance — a cornerstone of receivables finance — is entering a more…
#First Brands#Igor Zaks#receivables finance
Multiple law firms launch investigations into Jefferies Financial Group (Jefferies) following US$715m exposure disclosure to the bankrupt First Brands Group,…
#First Brands#Jefferies#Point Bonita Capital
UBS, Switzerland’s largest bank, is assessing the impact of the bankruptcy of US auto parts supplier First Brands, to which…
#First Brands#investment#O'Connor
In response to inquiries, Jefferies Financial Group, Inc. (Jefferies) announced yesterday: On September 29, 2025, First Brands Group, LLC and…
#First Brands#Jefferies#Jefferies Financial Group
U.S. auto parts supplier First Brands has filed for Chapter 11 bankruptcy protection, disclosing liabilities of more than US$11bn. The…
#bancrupcy#Chapter 11#debt finance