LONDON/NEW YORK (Financial Times) -- First Brands Group has filed for bankruptcy protection while disclosing more than $10 billion in total liabilities, marking one of the most spectacular collapses in private debt markets in recent years.
Automobiles
First Brands files for bankruptcy, threatening multibillion-dollar losses
Group owned by Malaysian-born businessman borrowed billions in private markets
First Brands Group's products include windshield wiper blades © Reuters
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