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 ...
DOJ Fires Up Criminal Probe of Banks Hurt by Archegos Debacle
(Bloomberg) -- The US Justice Department is ramping up scrutiny of banks that collectively lost billions of dollars in the collapse of Bill Hwang ... office, Archegos, according to people familiar with the matter. Since Hwang’s trial, the department ...
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 Ramps Up Criminal Probe of Banks Hurt by Archegos
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. The DOJ is probing if there was collusion or a conspiracy to collude to control prices during emergency talks the banks held in March 2021,
Al Jazeera on MSN2mon
Archegos founder Bill Hwang convicted at fraud trial over fund’s collapse
Archegos Capital Management founder Sung Kook “Bill” Hwang has been ... closing arguments on Tuesday. The trial ...
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 ...
BBC2mon
Archegos founder Bill Hwang convicted of fraud
A jury in New York has found the Wall Street investor, Sung Kook ‘Bill ... Archegos was unable to repay the banks, it prompted a mass sell-off of stocks and the fund collapsed. Hwang's ...
Risk18d
The post-Archegos risk model rebuild begins… slowly
Following regulatory prodding, banks start to overhaul counterparty risk models. A flurry of new research on the topic may ...
The New York Times1mon
Bill Hwang
The 2021 collapse of Archegos ... fund’s collapse, will fire nine employees and order that some bonuses be paid back. In its eight-year history, the family office that managed the fortune of ...
Yahoo Finance5d
Archegos Banks That Unwound Bets Face Criminal Antitrust Probe
Most Read from Bloomberg Pipe Fire Near Houston Forces Residents to Evacuate California’s Anti-Speeding Bill ... Archegos, according to people familiar with the matter. Since Hwang’s trial ...
Business Insider India3y
Employees at Bill Hwang's Archegos face losing about $500 million in bonuses after the fund's implosion, report says
Employees of Archegos ... investment fund's collapse shrank the value of their deferred bonuses, the Financial Times reported on Wednesday. Archegos, the family office of Bill Hwang, ...
The New York Times4d
Archegos Capital Management LLC
By Matthew Goldstein The hedge fund ... Bill Hwang, and his former top lieutenant in one of the highest-profile Wall Street prosecutions in years. The S.E.C.’s chair has said that the ...
Christianity Today24d
The King’s College
In a case that alluded to the investor’s faith ... are trying to prove that Bill Hwang committed massive market manipulation through his investment firm Archegos. His defense says he was ...