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Top investment bank CEO says he was ‘defrauded’ by the bankruptcy that’s rattling Wall Street. Famous short-seller sees an Enron moment
Yahoo Finance·2025-10-18 03:43

A leading Wall Street investment bank’s top executive claims to have been “defrauded” in the bankruptcy saga surrounding First Brands Group, a collapse that now threatens a chain reaction across global credit markets. At the same time, legendary short-seller Jim Chanos, famed for his role in exposing the Enron scandal, has drawn ominous parallels between this moment and that one, warning this may be another watershed moment for Wall Street.​ Jefferies CEO Rich Handler told investors on Thursday that the b ...