Jefferies Confirms Fund Linked to First Brands Collapse, But Investment Banking Arm Remains Unscathed
Jefferies has moved to calm investors after a fund linked to the collapse of First Brands Group triggered concern in financial markets. At an investor presentation, Jefferies executives said the troubled fund is part of the firm’s asset-management division, not its investment-banking arm. They stressed that the bank’s core advisory and trading operations are not…