Western Alliance Bancorp sues Jefferies on alleged refusal to repay $126.4M loan tied to First Brands

 

Western Alliance Bancorp sues Jefferies over alleged refusal to repay $126.4M loan tied to bankrupt First Brands Group

• Disputed loan involves bankrupt auto supplier First Brands Group, with lawsuit against Jefferies filed in New York.
• February U.S. jobs report showed a surprise 92,000 job loss and higher unemployment, raising concerns about economic strain.
• Weaker-than-expected labor data raised concerns about increased credit risk for lenders including Jefferies Financial Group.

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