Morgan Stanley Reveals Loss from Archegos Capital Management
Posted on 04/16/2021
SURPRISE! Morgan Stanley posted a US$ 911 million loss tied to the collapse of Archegos Capital Management, Bill Hwang’s family office. The news tarnished a record quarter for revenue and profit for Morgan Stanley. “The current quarter includes a loss of $644 million related to a credit event for a single prime brokerage client, and […]
