Auto Parts

The sudden departure of First Brands Group’s Chief Executive Officer has sent shockwaves through the financial community, coming on the heels of the auto-parts manufacturer’s bankruptcy filing. The move has raised eyebrows on Wall Street, where concerns about the company’s accounting practices have been mounting. According to sources familiar with...

The sudden downfall of First Brands, a relatively low-profile auto-parts manufacturer, has sent shockwaves through the financial corridors of Wall Street, revealing a trail of hidden losses at major international banks and private credit lenders. The company’s bankruptcy filing has raised more than a few eyebrows, as it appears that...