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 antitrust violations, Bloomberg reports.
DOJ said to beef up scrutiny of banks hit by Archegos collapse
The U.S. Department of Justice is beefing up its investigation into banks that collectively lost billions of dollars following the meltdown of Bill Hwang’s Archegos Capital Management in 2021, according to a Tuesday media report.
Archegos Banks That Unwound Bets Face Criminal Antitrust Probe
The US Justice Department is ramping up scrutiny of banks that collectively lost billions of dollars in the collapse of Bill Hwang’s investment firm — mere months after scoring a conviction against him for deceiving those very firms.
Justice Department probing banks for alleged collusion in $36B Archegos liquidation: report
The Justice Department is investigating several large banks for allegedly colluding during the liquidation of convicted fraudster Bill Hwang’s ill-fated $36 billion investment firm Archegos ...
DOJ Fires Up Criminal Probe of Banks Hurt by Archegos Debacle
The US Justice Department is ramping up scrutiny of banks that collectively lost billions of dollars in the collapse of Bill Hwang’s investment firm — mere months after scoring a conviction against him for deceiving those very firms.
The Archegos disaster isn't over yet for banks as the feds reportedly revive criminal antitrust probe
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 ...
Inside the Bank of London, the unicorn that had an ‘immediate’ need for cash
By July this year, the fintech was calling on investors for more money, saying it had an “immediate” need to raise millions ...
Bloomberg L.P.4d
Archegos’ Banks Had Some Chats
Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions ...
The New York Times3d
Archegos Capital Management LLC
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 ...
Risk4d
Banks must close the loop on counterparty credit risk
Following a series of market and industry credit risk events, regulatory scrutiny of counterparty credit risk management ...
Five Things You Need to Know to Start Your Day: Asia
Record wagers tied to the Fed’s expected rate cut risk sharp losses. Legal scrutiny of banks that lost big on the Archegos ...