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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
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
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
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
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
2 mins read
Bill Hwang lost around $20 billion in 2 days when his Archegos fund imploded, report says
Hwang's savvy investments saw him grow $200 million into $20 billion in a matter of years, a report…
Harry Robertson  Â
2 mins read
The head of the Senate banking committee wants details from banks linked to Archegos on how an under-the-radar family office caused so much turmoil
The head of the Senate banking committee is calling on lenders for answers about the blow-up of pri…
Carla MozĂ©e  Â
2 mins read
Stocks tied to Archegos are roiling markets again as $2 billion of block trades drives new bout of volatility
The volatility kicked off after Credit Suisse initiated a block trade worth $2.3 billion in an atte…
Isabelle Lee  Â
3 mins read
Bill Hwang lost $8 billion in 10 days during the Archegos meltdown, reports say
Traders said the loss, which is counted among the largest at any firm since the financial crisis, w…
Isabelle Lee  Â
2 mins read
Goldman beat Nomura to the punch during the Archegos liquidation - and then downgraded the Japanese bank's stock
Goldman's analysts wasted little time in declaring that the potential of Nomura's stock "looks limi…
Harry Robertson  Â
2 mins read
Billionaire Mike Novogratz says he would work 24x7 to cover Bill Hwang's $30 billion hedge fund liquidation if he were an investigative reporter
"When the facts come out, my sense is the Bill Hwang blow up will be the most spectacular personal …
Shalini Nagarajan  Â
1 min read
Morgan Stanley sold $5 billion in Archegos' stocks just before wave of sales hit rivals, report says
Morgan Stanley sold about $5 billion in shares from Archegos' doomed bets just before a massive fir…