Tagged: archegos

UK Prudential Regulation Authority Assesses Record Fine on Credit Suisse for Archegos Exposure

The Prudential Regulation Authority (PRA), part of the Bank of England, has assessed a “record fine” on Credit Suisse due to its exposure to Archegos Capital Management. Archegos collapsed spectacularly in 2022 leaving losses of billions of dollars. The failure has led to both criminal… Read More

Archegos “Propped Up a $36 Billion House of Cards”: SEC Charges Archegos and Founder with Massive Fraud

The Securities and Exchange Commission (SEC) has charged Sung Kook (Bill) Hwang, the owner of the family office Archegos Capital Management, with allegations of a massive fraud that “resulted in billions of dollars in losses.” The SEC alleges that Hwang and Archegos purchased security-based swaps… Read More

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