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Nomura Lost $2.9 Billion in the Archegos Collapse. A Suit Alleges There Were Warning Signs.

Por: MarketWatch Business December 22, 2023

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collectively lost $10 billion in . Whether the brokers will be an issue in the February 2024 criminal trial of Archegos founder Bill Hwang and Chief Financial Officer Patrick Halligan. Federal prosecutors charge that the hedge fund into backing $120 billion in bets on stocks that were more concentrated and risky than Archegos let on. Two other Archegos executives have entered guilty pleas. Hwang and Halligan have both pleaded not guilty. Their... + full article



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