U.S. Government Investigates Alleged Bank Collusion over Archegos Capital
Posted on 06/24/2021
The U.S. Department of Justice’s antitrust division is probing global banks and analyzing how they handled the multibillion-dollar trades with Bill Hwang’s Archegos Capital Management. The DOJ is looking into how lenders rushed to liquidate “risky” positions in March 2021. Bill Hwang lost most of his fortune from the rushed liquidation. The blowup of Archegos […]
