Robert Smith

A non-bank lender with the motto ‘been there, leased that’ finds out

Onset Financial called itself a ‘dominant force’ in financing everything from chickens to helicopters. It ended up as First Brands’ biggest creditor

Michela Tindera talks to Ortenca Aliaj and Robert Smith

Patrick James borrowed billions — even after presiding over a string of failed businesses

Cleveland, we have a problem

Switzerland’s largest bank has multiple investments tied to bankrupt auto parts maker

Wall Street’s most famous short seller on the First Brands fiasco, Enron and the “magical machine” in private credit markets

Special committee investigating auto parts group’s financing also examines whether collateral was ‘commingled’

‘Lions and tigers and off-balance sheet factoring, oh my!’

Car parts group’s collapse has left creditors and others exposed — but some spied an opportunity in the chaos

Collapse of US auto parts maker that borrowed billions in private markets has unnerved Wall Street

Gradually, then suddenly: off-balance-sheet finance edition

Rapid unravelling of heavily indebted car parts supplier has caught credit markets off guard

Concerns come after unravelling of two companies deemed just weeks ago to be in strong health

First Brands considers bankruptcy as its finances worsen

Microsoft-backed UK tech unicorn hired reputational management specialists after FT reported on founder’s legal issues

Failed UK start-up revised down revenues to just a quarter of prior estimates

Once high-flying group founded by Sachin Dev Duggal says its was unable to recover from ‘past decisions’

Restrictions are increasingly being questioned by the industry and government officials

New CEO reveals Microsoft-backed company has lowered 2023 sales data and appointed BDO for first group-wide audit