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Inside Archegos's epic meltdown

Inside Archegos’s epic meltdown
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(MINT PRINT)
GREGORY ZUCKERMAN
, The Wall Street Journal
Banks enjoyed fees they earned from Bill Hwang, a former hedge-fund manager, then were stunned to learn the extent of his debt-fueled stock bets
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Bill Hwang was in trouble.
On Thursday of last week, the firm managing the former hedge-fund trader’s wealth arranged a conference call with executives at some of the largest investment banks in the world. The urgent topic: mounting losses at Mr. Hwang’s family office, Archegos Capital Management, from a handful of large bets on major stocks.
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News Highlights: Top Financial Services News of the Day

News Highlights: Top Financial Services News of the Day
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