Financial Mysteries and Hundred Billion Debt: Violations and Industry Risk Alerts Behind the Bankruptcy of First Brand Group

According to the Wise Finance APP, in recent weeks, the leading American automotive parts supplier, First Brands, has filed for bankruptcy with over 100 billion U.S. dollars in debt due to excessive borrowing for mergers and acquisitions, financial irregularities, and external tariff impacts. This not only affects financial institutions such as Jefury, but also triggers widespread concerns in the market about the risks of trade financing and due diligence standards in the private equity and credit industry, while also exacerbating market fears about the spread of corporate debt issues.