Bill Hwang should get no prison time for his role in the 2021 collapse of Archegos Capital Management, his lawyers said in a ...

When Archegos Capital Management collapsed in early 2021, Nomura Holdings lost $2.9 billion in trades it had put on for the ...

Federal prosecutors are reexamining Wall Street banks that lost billions in the 2021 Archegos collapse, anonymous sources told Bloomberg. According to the people familiar with the matter ...

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 ...

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 ...

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 ...

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 ...

At 8:45 am on a spring day in 2021, a Nomura Holdings Inc. trader began a series of complex transactions over five hours on ...

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 ...

The scandals reinforce Nomura's image as a firm prone to missteps, including data leaks and a multi-billion dollar loss from ...

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 ...