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1 min read
The Archegos disaster isn't over yet for banks as the feds reportedly revive criminal antitrust probe
Wall Street banks that lost billions in the 2021 Archegos collapse are being probed for potential a…
Filip De Mott  Â
2 mins read
Bill Ackman compares Carl Icahn's embattled company to collapsed fund Archegos
Ackman said the way that Icahn runs his business has been "outed" by Hindenburg Research, and compa…
Zinya Salfiti  Â
2 mins read
SEC alleges Archegos' Bill Hwang used $160 billion in leverage to own as much as 70% of a single company. These are the 7 biggest stakes he controlled.
"The size of Archegos' exposures to its Top 10 Holdings allowed Archegos to assert a dominant marke…
Matthew Fox  Â
2 mins read
Archegos chief Bill Hwang has been arrested a part of an alleged securities-fraud scheme that helped his doomed fund boost leverage to $160 billion
According to charging documents, Hwang was able to increase the leverage of Archegos to $160 billio…
Matthew Fox  Â
1 min read
The SEC is investigating Bill Hwang's Archegos Capital for potential market manipulation, report says
The SEC is looking to see if Archegos bought multiple stakes of the same companies across different…
Matthew Fox  Â
2 mins read
Employees at Bill Hwang's Archegos face losing about $500 million in bonuses after the fund's implosion, report says
Archegos had set up a payment plan under which a large chunk of annual bonuses were deferred, with …
Shalini Nagarajan  Â
1 min read
Archegos may wind down as banks seek to recoup billions in losses, report says
Some banks are drafting "letters of demand" to the firm requesting repayment before filing legal cl…
Isabelle Lee  Â
2 mins read
UBS takes a $744 million hit from Archegos in the first quarter, as the fund's implosion continues to hurt banks
"We are all clearly disappointed and are taking this very seriously," the chief executive of UBS sa…
Harry Robertson  Â
2 mins read
David Einhorn slammed the SEC for not noticing the 'real story' of Archegos, which he says involves the firm driving a 400% gain in a company short-sellers call a fraud
Einhorn says the SEC should've noticed a 400% gain in GSX Techedu driven by Archegos buying most of…
Emily Graffeo  Â
1 min read
Morgan Stanley reports $911 million loss related to Archegos implosion
While Morgan Stanley took a big hit from Archegos, its loss pales in comparison to Nomura and Credi…
Matthew Fox  Â
3 mins read
The Archegos meltdown will result in a $10 billion loss for global banks, JPMorgan says
Credit Suisse and Nomura Holdings are the most affected but the Archegos fiasco affects the industr…
Isabelle Lee  Â
2 mins read
The Archegos fiasco has reportedly made life harder for hedge funds investing in SPACs
An analysis of Refinitiv data found that 80% of SPACs that are still in search of a deal are now tr…
Matthew Fox  Â
1 min read
DOJ opens probe into Archegos meltdown that led to $10 billion in losses for banks
Federal prosecutors in Manhattan have sent information requests to several banks that dealt with Ar…
Matthew Fox  Â
2 mins read
Another Archegos-like hedge fund implosion is highly likely and could come out of nowhere, Guggenheim's Scott Minerd says
Major losses triggered by Archegos "tend to continue to cascade until the market corrects and flush…
Shalini Nagarajan  Â
2 mins read
Warren Buffett warned 18 years ago about the financial instruments that triggered the Archegos implosion
Almost two decades ago, Buffett called the derivatives later used by Archegos "financial weapons of…
Emily Graffeo  Â
2 mins read
UBS chairman apologizes for Archegos loss and promises to enforce more transparency
Weber in an interview Wednesday blamed a lack of oversight of family offices, which don't have to d…
Isabelle Lee  Â
1 min read
Credit Suisse execs at the heart of the bank's Archegos loss will reportedly depart following $4.7 billion hit
Two Credit Suisse executives will leave after the Swiss lender took a massive loss tied to the coll…
Carla MozĂ©e  Â
1 min read
Credit Suisse just put $2 billion of Archegos-linked stocks on the market after the hedge fund's meltdown, reports say
The lender isn't yet done unloading stocks linked to Archegos, even though it's already taken a $4.…
Shalini Nagarajan  Â
1 min read
Nomura to tighten financing for hedge fund clients in the wake of Archegos blowup, new report says
Nomura is limiting margin financing exceptions for some of its hedge fund clients after taking a $2…
Will Daniel  Â
2 mins read
Credit Suisse reins in hedge-fund limits following $4.7 billion loss tied to Archegos Capital, report says
Credit Suisse is tightening its financing terms given to hedge funds and family offices and changin…