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Home > Business Extra > Did Archegos teach Wall St any lessons?
Podcast: Business Extra
Episode:

Did Archegos teach Wall St any lessons?
Category: Business
Duration: 00:15:03
Publish Date: 2021-04-21 01:59:00
Description: Archegos Capital Management's spectacular failure over a couple of days in March has cost Wall Street's biggest banks billions of dollars. So far, the losses are being chalked up to one bad apple: the fund’s founder, Bill Hwang. Mr Hwang’s record-breaking loss of an estimated $20 billion fortune in two days is a cautionary tale. But this is not only about how far any one investor may fall during a historic bull market. The cascade of consequences was limited to a few large firms. But what about next time? Host Mustafa Alrawi and co-host Kelsey Warner unpack the terms and market dynamics that brought down a whale and ponder the implications of shrugging off a scandal. In this episode: Why are people talking about Archegos? (0m 46s) Bill Hwang's sophisticated financial instruments (4m 05s) Warnings for Wall Street (8m 18s) Read more on our website: • US stock market bulls will crush the bears – again • UK Chancellor Rishi Sunak told David Cameron he ‘pushed the team’ over Greensil • Credit Suisse to write down $4.7bn after Archegos implosion • Global banks brace for Archegos fallout as they may lose more than $6bn Subscribe to Business Extra for free to receive new episodes every week Apple Podcasts | Google Podcasts | Audioboom | Spotify | RSS
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