Western Alliance, a crypto-friendly bank, faces some exposure to the collapse of First Brands, an auto-parts supplier whose bankruptcy is the biggest news in the world of credit right now The bank says it has no reason to believe this event would create a "material risk of loss" presently https://www.bloomberg.com/news/articles/2025-10-08/western-alliance-faces-first-brands-risk-through-jefferies-fund(Yueqi Yang)