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

By BY KATE KELLY, MATT PHILLIPS, ANDREW ROSS SORKIN AND ALEXANDRA STEVENSON from NYT Business https://ift.tt/2QQLgrq
via IFTTT Banks Face Billions in Losses as a Bet on ViacomCBS and Other Stocks Goes Awry 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 KATE KELLY, MATT PHILLIPS, ANDREW ROSS SORKIN AND ALEXANDRA STEVENSON https://ift.tt/2QQLgrq https://ift.tt/3w8fXsd New York Times Business Banking and Financial Institutions, Stocks and Bonds, Regulation and Deregulation of Industry March 30, 2021 at 07:47AM