Archegos

The logo of the Swiss bank Credit Suisse can be seen on March 24, 2021 at the headquarters in Zurich.Arnd Wiegmann | ReutersAfter the booming profits from Wall Street rivals, Credit Suisse is expected to post a significant loss on Thursday…

Bill Hwang in 2012Emile Warnsteker | Bloomberg | Getty ImagesMorgan Stanley posted blockbuster results in the first quarter, but a single prime brokerage client cost the company nearly $ 1 billion.In its earnings results, Morgan Stanley…

Senator Sherrod Brown (D-OH) speaks at the National Action Network 2019 National Congress in New York on April 5, 2019.Lucas Jackson | ReutersSenator Sherrod Brown, chairman of the Senate's powerful banking committee, is seeking to tie…

The night before Archegos Capital's story became public late last month, the fund's largest prime broker quietly dumped some of its risky positions into hedge funds, CNBC experts told CNBC.Morgan Stanley sold approximately $ 5 billion worth…

Goldman Sachs CEO David Solomon said Tuesday that his bank's risk management systems performed well after the forced liquidation of a highly indebted fund replenished several stocks in the US and China and took a billion dollar bite off…

A Swiss flag flies over a Credit Suisse sign in Bern, SwitzerlandFABRIC COFFRINI | AFP | Getty ImagesCredit Suisse announced several senior executives leaving Tuesday and proposed cutting its dividend as it weighs the heavy losses from…

A massive margin call last Friday targeted a little-known family office that caused billions in losses for certain participating banks and shook the general volatility of the broader market.Archegos Capital Management's leveraged bets on…

Family offices have grown in the US, but that segment remains slightly regulated - and that could be a problem for the financial industry, warned a former lawyer with the Securities and Exchanges Commission.The risks posed by large family…

American flags hang on the facade of the New York Stock Exchange (NYSE) building in New York on January 28, 2021.Facebook Facebook Logo Log in to Facebook to connect with Mike Segar ReutersThe different fate of the big banks due to the…

Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York, USA on January 31, 2018.Brendan McDermid | ReutersThe troubles Archegos Capital Management had late last week bleeding into Monday as a number of large…