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