Jefferies recently said it could lose up to $45 million on its investment in First Brands Group.
A Wall Street sign in New York City. Samira Bouaou/The Epoch Times
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Shares of regional banks and investment firm Jefferies rebounded one day after experiencing a sharp selloff over bad loans.
Investors shrugged off non-performing loans, signaling that they do not believe poor credit bets were part of a broader crisis lurking on Wall Street.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”