The unraveling of First Brands, a midsize auto-parts maker, is exposing hidden losses at international banks and “private credit” lenders.
Category: Jefferies Group Inc
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Markets Expect Fed to Raise Rates Despite Bank Turmoil
A ‘shock pause’ by the central bank would spook an already jittery market, one analyst said, even as shares in regional lenders fall.
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For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
The New York Times – Business:There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.
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Wall St. Brokers Look to Buy Rights to Assets Trapped on FTX
The New York Times – Business:Customers could be offered pennies on the dollar for what they lost when the crypto exchange filed for bankruptcy last week.