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.
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.
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 Capital Management,
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.2d
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 ...
InvestmentNews1d
SEC orders firms to pay $3.4M in penalties over reporting failures
Nine out of the 11 firms charged by the federal regulator have agreed to pay civil penalties related to Form 13F and Form 13H ...
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 ...
TheStreet.com3y
ViacomCBS, Other Archegos-Linked Stocks Rise After New Block Trades
ViacomCBS and other stocks linked to the unwinding of equity positions within Archegos rebound after a reported sale of additional blocks totaling more than $2 billion. ViacomCBS and Discovery ...
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 ...
Nomura sees markets revenue beating goal as brokerage courts hedge funds
Nomura Holdings is eyeing stronger revenue growth in trading, which could increase by as much as 30% over the next three ...
Risk3d
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 ...