Archegos founder arrested for ‘massive market manipulation’
Bill Hwang and other executives have been arrested and charged by the federal officers for their roles in a “fraudulent scheme” that created a “$36 billion house of cards”.
Bill Hwang and other executives have been arrested and charged by the federal officers for their roles in a “fraudulent scheme” that created a “$36 billion house of cards”.
The two US banks have been relatively unscathed by the blow-up of hedge fund Archegos Capital in March, which resulted in losses of over $10 billion for Wall Street.