On October 8, 2025, The Wall Street Journal published an article entitled “First Brands Bankruptcy Damage Spreads to Jefferies, UBS.” The article stated that “[a]uto-parts supplier First Brands crashed into bankruptcy last month. Now, banks are sifting through their exposure to the company and its chain of customers and suppliers. Jefferies Financial on Wednesday said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands’ parts.”
On this news, the price of Jefferies stock fell $4.66 per share, or 7.88%, to close at $54.44 on October 8, 2025.