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archegos

Banking & Finance

Bank collusion probe in Archegos meltdown closes without charges in US

Bill Hwang was found guilty in July of orchestrating a scheme to mislead his bank counterparties into providing Archegos with billions of US dollars in trading capacity.
International

Bill Hwang sentenced to 18 years in prison in Archegos case

Bill Hwang, 60, deserves a lengthy prison term because he led one of the largest securities fraud schemes in history and caused billions of dollars in losses, prosecutors said in a Friday filing.
Banking & Finance

Bill Hwang should get 21 years for Archegos crimes, US says

Bill Hwang was convicted in July following a two-month long trial in New York of orchestrating a scheme to inflate the value of Archegos’ portfolio by misleading Wall Street banks into buying swaps on certain stocks.
Companies & Markets

Bill Hwang’s sentencing in Archegos case postponed to November

The trial centered on the implosion of Bill Hwang’s family office Archegos, which inflicted US$10 billion in losses at global banks and, according to prosecutors, and caused more than US$100 billion in shareholder losses at companies in its portfolio.
Banking & Finance

Archegos founder Bill Hwang convicted at fraud trial over fund’s collapse

During an eight-week trial, Archegos founder Bill Hwang was accused of being the mastermind of a scheme that ensnared half of Wall Street and cost banks US$10 billion after he artificially jacked up stock prices.
International

Archegos’ Bill Hwang makes last pitch to jury set to decide his fate

Prosecutors accuse Hwang of using financial contracts known as total return swaps to secretly amass outsize stakes in multiple companies without actually holding their stock.
Companies & Markets

Bill Hwang arrives in court for trial on US$36 billion Archegos collapse

Bill Hwang (left) who was charged with 11 counts of securities fraud, wire fraud, conspiracy, racketeering and market manipulation, leaves Federal District court after the first day of his trial, Manhattan, New York, May 8, 2024. If convicted, he could spend the rest of his life in prison.
Banking & Finance

Archegos founder to go on trial for fraud, market manipulation

Prosecutors accuse Archegos founder Sung Kook “Bill” Hwang of using financial contracts known as total return swaps to secretly amass outsized stakes in multiple companies without actually holding their stock.
Banking & Finance

Jury chosen for Bill Hwang’s trial over Archegos collapse

The Prudential Regulation Authority’s decision comes after Nomura made progress on a remediation plan that required it to improve its risk monitoring and control systems, one source said.
Banking & Finance

UK regulators lift punitive capital demands on Nomura, sources say

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