Bill Hwang’s Lawyers Suggest No Prison Time in Archegos Case
Bill Hwang should get no prison time for his role in the 2021 collapse of Archegos Capital Management, his lawyers said in a ...
Nomura Lost $2.9 Billion in the Archegos Collapse. A Suit Alleges There Were Warning Signs.
When Archegos Capital Management collapsed in early 2021, Nomura Holdings lost $2.9 billion in trades it had put on for the ...
Collapse of Archegos hedge fund driven by Bill Hwang’s ‘lies and manipulation’: prosecutor
The 2021 collapse of Sung Kook “Bill” Hwang’s Archegos Capital Management was driven by “lies and manipulation,” a federal ...
Bloomberg L.P.29d
Bill Hwang’s Sentencing in Archegos Case Postponed to November
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 ...
Kiplinger3y
How Might Archegos’ $10 Billion in Losses Affect Your Retirement?
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 ...
Ex-UBS Vice Chair Joins Leniency Calls for Archegos’ Bill Hwang
A former UBS Group AG vice chair joined other Wall Street figures, clergy and an ex-NFL linebacker in backing leniency for ...
BBC3y
Archegos collapse costs Morgan Stanley $911m
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 ...
MoneyWeek3y
Archegos – how a massive fund bust has hit banks
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 ...
BBC4mon
Archegos founder Bill Hwang convicted of fraud
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 ...
Nomura woes deepen with trading scandal, arrest for attempted murder
The scandals reinforce Nomura's image as a firm prone to missteps, including data leaks and a multi-billion dollar loss from ...
U.S. News & World Report3y
Should You Use Brokerage Margin Loans?
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 ...