Morgan Stanley sold $5 billion in shares Archegos night BEFORE private investment firm collapse

Morgan Stanley sold about $5 billion of Archegos’ stocks the night before the fire sale hit rivals, according to reports. The investment bank and financial services company had the consent of Archegos, run by former Tiger Management analyst Bill Hwang, to shop around its stock late last month, according to a report by CNBC that … Read more

Credit Suisse executives axed after Greensill and Archegos scandals

Credit Suisse in crisis: Top executives axed and bonuses withdrawn as bank dives into the red after Greensill and Archegos disasters By Mark Shapland For The Daily Mail Published: 22:20 BST, 6 April 2021 | Updated: 22:20 BST, 6 April 2021 Top executives have been fired and bonuses slashed at Credit Suisse as the bank … Read more

Two senior Credit Suisse execs leave amid Archegos and Greensill scandals

Swiss banking giant Credit Suisse has axed two senior executives as it suffered billions of pounds worth of losses following the collapse of hedge fund Archegos and the British finance firm Greensill.  Brin Chin, CEO of its investment bank, and Lara Warner, chief risk and compliance officer, both announced they would step down, while the … Read more

Bill Hwang: Billionaire Archegos founder lived ‘modestly’ despite once being worth $10billion

For a multi-billionaire, Archegos founder Bill Hwang’s life is modest.  Sure, his 6,400 sq ft home is gorgeous by any standards, but it’s dwarfed by those of his neighbors. His black Mercedes CLK reeks of class, but it has nothing on the $325,000 orange McLaren 720S that roars out of the driveway of the house … Read more

Archegos Capital Management boss Bill Hwang reels after fund meltdown

‘One of the greatest losses of wealth ever’: Archegos Capital Management boss Bill Hwang reels after meltdown By Lucy White For The Daily Mail Published: 22:19 BST, 30 March 2021 | Updated: 22:19 BST, 30 March 2021 The man at the centre of a hedge fund meltdown has broken his silence after suffering ‘one of … Read more

Credit Suisse faces investor backlash after Archegos crisis leaves it nursing heavy losses

Credit Suisse faces investor backlash after Archegos crisis leaves it nursing heavy losses By Lucy White For The Daily Mail Published: 22:18 BST, 30 March 2021 | Updated: 22:18 BST, 30 March 2021 Credit Suisse is facing a major investor backlash after the Archegos crisis left it nursing heavy losses. The banking giant was already … Read more

Credit Suisse rocked in Archegos Capital Management meltdown

Credit Suisse has been thrown into crisis just weeks before Antonio Horta-Osorio joins as chairman from Lloyds Bank. The Swiss investment bank was already reeling from the aftermath of a spying scandal and its exposure to bust lender Greensill Capital. But now it has revealed it will suffer a ‘highly significant’ hit to its profits … Read more