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 By BY KATE KELLY, MATT PHILLIPS, ANDREW ROSS SORKIN AND ALEXANDRA STEVENSON from NYT Business https://ift.tt/2QQLgrq Business New York Times
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