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(Bloomberg) -- Newly promoted to equities Delta One head at Credit Suisse Group AG in February 2021, Josh Lukeman said he only became familiar with Archegos Capital Management that month.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Ret

The former director of risk management at the fallen private capital fund Archegos told a Manhattan federal jury Monday that he lied to banks about the fund's portfolio to induce them to extend lines of credit at the direction of his former boss, Archegos Chief Financial Officer Patrick Halligan.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

(Bloomberg) -- Two former Archegos Capital Management employees, one a senior executive and the other a junior staffer, described their different experiences of the family office’s March 2021 collapse at the trial of founder Bill Hwang.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Is Trading Near Historic 40,000 Mark: Markets W

Owen Murphy continues his tour of dominance through the South Atlantic League