Transport Topics

First Brands Sees New Call for Outside Trustee to Manage SPEs

First Brands Group’s bankruptcy advisers are facing a new challenge that could impact how a potential restructuring of the auto parts supplier is carried out. UMB Bank contends First Brands’ new ...
Transport Topics

First Brands Wins Access to Last $600M of Emergency Funds

[Stay on top of transportation news: Get TTNews in your inbox.] First Brands Group won access to $600 million of remaining bankruptcy financing, which company lawyers said was needed to prevent the ...
CBS News

First-time homebuyers are an endangered species in the U.S.

The dream of homeownership is fading for millions of Americans. Figures from the National Association of Realtors (NAR) show that only 24% of housing sales last year were by first-time homebuyers — ...
American Banker

First Citizens prefers buybacks over M&A, for now

First Citizens BancShares is sticking with its share-repurchase strategy, with executives saying Thursday that buybacks are the best way to return capital to shareholders in the current environment, ...