Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street

The New York TimesFriday, October 10, 2025 at 4:30:42 PM
The recent bankruptcy of First Brands, a midsize auto-parts manufacturer, has raised significant concerns on Wall Street as it reveals hidden losses among international banks and private credit lenders. This situation is alarming because it highlights vulnerabilities in the financial system that could have broader implications for the economy, potentially affecting investor confidence and market stability.
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