Wall Street banks that lost billions in the 2021 Archegos collapse are being probed for potential antitrust violations, Bloomberg reports.

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.

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 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.