Archegos fallout: global banks could lose over US$6b

Published Thu, Apr 1, 2021 · 05:50 AM

London

MAJOR investment banks around the world face multi-billion-dollar losses after a family office, Archegos Capital Management, failed to meet margin calls on sliding speculative stock and derivative positions.

Archegos is run by Bill Hwang, a former hedge fund manager who was fined for alleged fraud in 2012.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Banking & Finance

Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand
Thai banks cut rate for some borrowers after push from PM
Money laundering accused who faces 22 charges to plead guilty on May 14
BNP Paribas beats estimates as lower costs offset trading slump
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover

Purchase this article

Companies & Markets

Archegos fallout: global banks could lose over US$6b

Banking & Finance

Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’

S&P Global first-quarter profit beats estimates on strong product demand

Thai banks cut rate for some borrowers after push from PM

Money laundering accused who faces 22 charges to plead guilty on May 14

BNP Paribas beats estimates as lower costs offset trading slump

Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT