Wall Street banks that lost billions in the 2021 Archegos collapse are being probed for potential antitrust violations, ...
Bill Hwang, the founder of Archegos Capital Management, was convicted Wednesday of manipulating stock prices and defrauding ...
AIG didn’t have the cash and couldn’t raise it. Even Goldman Sachs, which originally wouldn’t do business with Archegos because the founder pleaded guilty to insider trading in 2012 ...
ZURICH--UBS reported an unexpected $774 million loss on Tuesday from the collapse of U.S. investment fund Archegos, taking the total hit to global banks from the stricken family office beyond $10 ...
Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of ...
The 2021 collapse of Archegos Capital Management led to some $10 billion in losses for some Wall Street banks. He could spend the rest of his life in prison. By Matthew Goldstein Prosecutors and ...
At least three banks — Credit Suisse, Nomura Holdings Inc. and UBS Group AG – reached a managed liquidation agreement to sell down parts of their Archegos exposure. Others like Goldman Sachs ...
They can massively increase your profit, or they can dig you into a hole very quickly. Take Archegos Capital Management, for example. It was a family office that borrowed on margin and then lost ...
Federal prosecutors are reexamining Wall Street banks that lost billions in the 2021 Archegos collapse, anonymous sources told Bloomberg. According to the people familiar with the matter ...
Banks that lost billions during the collapse of Archegos are being newly probed by the DOJ, Bloomberg reports. The focus of the probe is on the reported coordination of banks to steer a more ...