Jefferies Seeks to Calm Worries Over First Brands

1. First Brands CEO resigned over significant accounting irregularities. 2. First Brands filed for bankruptcy with $10 billion in debt. 3. Jefferies Financial reported limited exposure of approximately $45 million to First Brands. 4. Jefferies reassured investors that losses are manageable and absorbable. 5. SMBC increased its stake in Jefferies, supporting financial stability.