Browsing Tag

meltdown

Morgan Stanley had $911 million loss in Q1 tied to Archegos meltdown

Apr 17, 2021

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…

Finance

Goldman, Morgan Stanley avoided losses after fund meltdown hit Nomura

Mar 30, 2021

People are seen on Wall Street in front of the New York Stock Exchange (NYSE) in New York City on March 19, 2021.Brendan McDermid | ReutersWhen investors are stamping the exits, it pays to be the first at the door.It happened when the…