-
Fintech Focus For May 10, 2021
Sunday, May 9, 2021 - 3:06pm | 1537Read More...Quote To Start The Day: “The world is a book and those who do not travel read only one page.” Source: St. Augustine One Big Thing In Fintech: While recent information could indicate that some of the most lucrative trading activity at companies like Robinhood could be slowing, there...
-
Cathie Wood Says Bill Hwang Provided Seed Funding For Ark ETFs
Saturday, May 8, 2021 - 1:07pm | 450Read More...Cathie Wood, the founder, CEO and CIO of Ark Invest, held discussions with Bill Hwang of Archegos Capital about U.S. stocks and, in particular, the media sector back in 2013. What Happened: In an interview with CNBC, Cathie Wood said hedge fund veteran Hwang provided seed...
-
How Did Archegos Capital Collapse?
Friday, April 30, 2021 - 3:22pm | 736Read More...Credit Suisse (NYSE: CS) reported a $4.8-billion loss in the first quarter from its exposure to U.S. hedge fund Archegos Capital. But many investors had never heard of Archegos until the fund blew up, severely impacting Credit Suisse, Nomura and a handful of media and tech stocks.. What Is Archegos...
-
Fintech Focus For April 13, 2021
Monday, April 12, 2021 - 7:23pm | 2278Read More...Quote To Start The Day: Only make decisions that support your self-image, self-esteem, and self-worth. Source: Oprah Winfrey One Big Thing In Fintech: The U.S. Securities and Exchange Commission (SEC) has kicked off its review of WisdomTree’s bitcoin ETF application, starting the countdown...
-
Credit Suisse Isn't Out Of The Woods Yet
Tuesday, April 6, 2021 - 5:07pm | 431Read More...Credit Suisse Group AG (NYSE: CS) bounced off their Tuesday morning lows to trade slightly higher in early afternoon trading. However, in a new note to clients, JPMorgan analyst Roberto Henriques urged investors to avoid buying the stock on the Archegos Capital dip. What Happened? On Tuesday,...
-
BofA Downgrades Credit Suisse Again: Archegos Losses 'Double What We Expected'
Tuesday, April 6, 2021 - 11:26am | 505Read More...Credit Suisse Group AG (NYSE: CS) shares traded lower Tuesday morning after the bank announced a $4.7-billion charge tied to the meltdown of U.S. hedge fund Archegos Capital. One Wall Street analyst responded by downgrading Credit Suisse for the second time in just over a week. The Credit...
