Banking battle: Western Alliance and Jefferies fall amid loan lawsuit

Name: Banking battle: Western Alliance and Jefferies fall amid loan lawsuit
Uploaded: 2026-03-06T20:42:23Z
Duration: 52 s
Description: Liz Claman reports on a Fox Business Alert regarding a lawsuit between Western Alliance Bancorp and Jefferies Group Inc. Western Alliance is suing Jefferies for alleged breach of contract and fraud concerning a $126.4 million loan backed by receivables from a collapsed auto supplier, First Brands Group. Both companies' stocks are dropping as a result, with Jefferies hitting a 52-week low.

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Liz Claman reports on a Fox Business Alert regarding a lawsuit between Western Alliance Bancorp and Jefferies Group Inc. Western Alliance is suing Jefferies for alleged breach of contract and fraud concerning a $126.4 million loan backed by receivables from a collapsed auto supplier, First Brands Group. Both companies' stocks are dropping as a result, with Jefferies hitting a 52-week low.