Archegos
What is everyone's opinion of this situation regarding Archegos? The CEO of IB and the Chief Risk Officer at Credit Suisse are out after losing $4.7B (so far). This comes after the Greensill situation and is now having ripple effects regarding dividend payouts and stock buybacks: https://www.wsj.com/articles/credit-suisse-takes-…
What is so interesting, is Bill Hwang was able to gain leverage at all these IBs after admitting to insider trading in 2013. Matt Levine also covered it in a good summary for Money Stuff yesterday: https://www.bloomberg.com/opinion/articles/2021-0…
News today is that Morgan Stanley was out of the positions on March 25th, and GS was largely unhurt. Many firms are hurting though. Wild story that brings back the days of 2008.
"CEO of investment banking" gave me a good chuckle
Tenetur delectus et est labore. Qui perferendis a odio nesciunt. Quidem quidem sit id error.
Perspiciatis expedita doloribus provident assumenda. Quia eum delectus laudantium alias quia. Nemo dolorem beatae harum omnis earum est. Ex voluptatum nesciunt voluptates ex fugiat. Sunt cum necessitatibus voluptatum dolor ad.
Expedita quo fugiat perferendis nihil. Maxime ut animi aut repellat. Suscipit quis a ex accusantium quo at. Earum amet dolor officiis molestiae suscipit. Beatae dolores veniam rem vero quos nulla fugiat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...