Jefferies, First Brands, and Wall Street Credit Market Jitters

Wall Street rocked by alleged fraud! Jefferies CEO reveals his firm was tricked by bankrupt First Brands Group, sparking fears of wider credit market chaos. Find out how this multi-billion dollar scandal is impacting regional banks, rattling investors, and raising questions about the health of the entire financial system. Is this an isolated incident or the start of a domino effect?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.