When Archegos Capital Management collapsed in early 2021, Nomura Holdings lost $2.9 billion in trades it had put on for the ...

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 ...

Archegos Capital Management founder Bill Hwang’s sentencing on fraud charges was postponed from the end of the month to Nov. 20. Hwang and former Archegos Chief Financial Officer Patrick ...

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 ...

US investment bank Morgan Stanley has admitted that the collapse of hedge fund Archegos cost it nearly $1bn. The Wall Street bank said in its first-quarter results that the $911m (£660m ...

The losses stem from “fire sale of stocks” involving around $30bn of assets that occurred after Archegos Capital Management, a family investment vehicle managed by Bill Hwang, failed to meet a ...

It comes three years after the failure of his investment fund Archegos Capital Management, which caused billions of dollars in losses for several major banks. Prosecutors accused Hwang of lying to ...

The Division has reopened a probe into potential coordination by banks attempting to unwind their holdings after the March 2021 collapse of Archegos, which reinforces the Division’s broad view of its ...

Nomura Holdings’ profit rose more than analysts expected last quarter, buoyed by strong results across its businesses ...

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 ...

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 ...