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Banks Face Billions in Losses as a Bet on ViacomCBS and Other Stocks Goes Awry

The Guardian Express Tuesday, March 30, 2021 2021 at 06:47AM, Banking and Financial Institutions, Regulation and Deregulation of Industry March 30, Stocks and Bonds

Archegos Capital Management, led by Bill Hwang, couldn’t meet financial demands, creating turmoil on Wall Street and raising questions about the fund’s ties to lenders. By BY KATE KELLY, MATT PHILLIPS, ANDREW ROSS SORKIN AND ALEXANDRA STEVENSON from NYT

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