Archegos prepares for insolvency as banks seek compensation: Financial Times
By Faria in Business
Updated 3 years ago
(Reuters) - Archegos Capital Management, the family office run by former Tiger Asia manager Bill Hwang, is preparing for insolvency as banks involved in financing its trades seek to recoup some of their losses, the Financial Times reported on Wednesday. Archegos has hired restructuring advisers to assess the potential legal...