Impact on Jefferies and Lenders

P.M. Edition for Oct. 16. The auto-parts giant First Brands’ bankruptcy leaves investment bank Jefferies in the harsh spotlight of an accounting scandal. Plus, the endowments of American colleges posted their strongest returns in years. And after strong bank earnings this week, Heard on the Street writer Telis Demos discusses what might be missing in their reflection of the health of the economy. Sabrina Siddiqui hosts.

Sign up for the WSJ's free What's News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices