UPDATE 1-Archegos prepares for insolvency as banks seek compensation - Financial Times

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By Bryan in Business
Updated 3 years ago

(Adds details from report, background) May 5 (Reuters) - Archegos Capital Management, the family office run by former Tiger Asia manager Bill Hwang, is preparing for insolvency after banks tried to recoup some of the $10 billion in losses due to its meltdown in March, the Financial Times reported. (on.ft.com/33eR2Gl)

update-1-archegos-prepares-for-insolvency-as-banks-seek-compensation-financial-times