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Apr 2, 2021 · WEDNESDAY, MARCH 24. The catalyst for Wall Street banks to start liquidating Hwang's positions was a March 24 stock sale by media company ViacomCBS, to which Archegos was heavily exposed, two...
May 7, 2024 · The Archegos charges suggest the DOJ is taking a harder line on fraud than it has in the past, holding Hwang and two of his associates personally accountable under criminal laws.
May 14, 2024 · As Hwang’s legal team took over questioning, they sought to make their case that banks did business with Archegos in a rush to earn fees — while ignoring risks — and that witnesses from those counterparties are shading the truth to shift blame from themselves.
Jun 25, 2024 · The Last 72 Hours of Archegos. Bill Hwang’s doomed family office is on trial, but it’s Wall Street that looks terrible. An Archegos staffer re-lived the craziness of being in an airport ...
On April 27, 2022, Hwang was indicted and arrested on federal charges of fraud and racketeering. [5] On March 26, 2021, Archegos defaulted on margin calls from several global investment banks, including Credit Suisse and Nomura Holdings, [6] [7] as well as Goldman Sachs and Morgan Stanley.
Jul 29, 2021 · Among some of the key conclusions, the investigation found a failure to effectively manage risk in the Investment Bank’s Prime Services business by both the first and second lines of defense as well as a lack of risk escalation.
People also ask
Did Credit Suisse fail to manage archegos?
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What happened to archegos Capital Management LP?
Jul 29, 2021 · Credit Suisse investment bankers allowed Archegos Capital to take “voracious” and “potentially catastrophic” risks that culminated in the US hedge fund’s spectacular collapse in March ...
