Archegos may wind down as banks seek to recoup billions in losses, report says
#archegos
#update
3 years ago By Gomez — Archegos is preparing for insolvency as banks seek to recoup losses suffered during the meltdown, the Financial Times reported Wednesday. The family office
Archegos prepares for insolvency as banks seek compensation: Financial Times
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#update
3 years ago By Faria — (Reuters) - Archegos Capital Management, the family office run by former Tiger Asia manager Bill Hwang, is preparing for insolvency as banks involved in fi
UBS chairman apologizes for Archegos loss and promises to enforce more transparency
#ubs
#archegos
3 years ago By Yoongi — UBS chairman apologized for the loss the Swiss bank suffered amid the Archegos meltdown, in an interview with Bloomberg. Chairman Axel Weber blamed the lac
Credit Suisse board member Gottschling to exit after Greensill, Archegos losses
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#greensill
#archegos
3 years ago By Gomez — Credit Suisse (CSGN.S) board member and risk committee chairman Andreas Gottschling will not stand for re-election, the Swiss bank said on Friday, as the c
Credit Suisse board member Gottschling to exit after Greensill, Archegos crisis
#creditsuisse
#greensill
#archegos
3 years ago By Suzana — ZURICH, April 30 (Reuters) - Credit Suisse board member and risk committee chairman Andreas Gottschling will not stand for re-election at the upcoming gene
Discovery CEO David Zaslav on Archegos fallout hitting the stock
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3 years ago By Martin — Shares of Discovery fell sharply in late March when family office Archegos Capital Management failed to meet its margin call. Discovery, along with fellow
UBS Q1 profit up 14% as Switzerland's top bank unveils $774 mln Archegos hit
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#switzerland
#archegos
3 years ago By Martin — UBS (UBSG.S) posted on Tuesday a 14% rise in first-quarter net profit on record high client activity levels, but the world's largest wealth manager lost so
UPDATE 1-UBS Q1 profit up 14% as Switzerland's No. 1 bank unveils Archegos charge
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#archegos
3 years ago By Hernandez — ZURICH, April 27 (Reuters) - UBS on Tuesday posted a 14% rise in first quarter net profit, as the world's largest wealth manager unveiled a $774 million re
Despite the GameStop saga and Archegos implosion, banks and hedge funds had a blowout quarter. This is how they did it.
#gamestop
#archegos
3 years ago By Megansoto — Wall Street profited massively from a volatile three months, with red-hot results at banks and the best first quarter for hedge funds since 2006.
Credit Suisse taps shareholders for cash as regulator investigates Archegos losses
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#archegos
3 years ago By Faria — Swiss bank Credit Suisse said on Thursday it would sell convertible notes to its current shareholders in a bid to raise nearly $2 billion of fresh capital.