First Brands Boss Resigns and Jefferies Seeks to Calm Its Investors
1. CEO Patrick James resigned due to First Brands' accounting issues. 2. First Brands filed for bankruptcy, holding over $10 billion in debt. 3. Jefferies Financial claims limited exposure of approximately $45 million. 4. Jefferies shares rose 3% after a significant drop last week. 5. SMBC's increased stake strengthens Jefferies' financial position.