Archegos Fiasco Spurs Regulators to Demand Banks' Answers Soon
Archegos Fiasco Spurs Regulators to Demand Banksâ Answers Soon This content was published on May 21, 2021 - 16:18 May 21, 2021 - 16:18 (Bloomberg) -- Britainâs top banking regulator is pressing ahead with an international push for answers on how banksâ exposure to Archegos Capital Management got so massive, leading to more than $10 billion in losses. The Prudential Regulation Authority has started a probe, asking firms including Credit Suisse Group AG, UBS Group AG and Nomura Holdings Inc. to hand over information related to their lending to Archegos by next month, according to...