Archegos Capital Management

Archegos Capital Management founder Bill Hwang was sentenced on Wednesday to 18 years in prison for fraud and market manipulation tied to the fund's dramatic collapse in 2021.  The Details: Hwang was sentenced by U.S. District Judge Alvin Hellerstein in New York to slightly less time than the...

From March 2020 through its collapse in March 2021, Archegos Capital Management, headed by Sung Kook (Bill) Hwang and partners, entered into a manipulative scheme that increased Archego’s bottom line from around $4 billion to $36 billion, according to a SEC ...

George Soros's Investment Company, which shares sold off during the collapse of Bill Hwang's Archegos Capital Management, exited the positions.  What Happened: According to a regulatory submission, the company has sold $194.3 million of CBS Corporation (NASDAQ: VIAC...

George Soros reportedly snapped up stocks that took a hit amid the collapse of Archegos Capital Management in March. What Happened: Billionaire George Soros' investment firm Soros Fund Management bought shares of CBS Corporation (NASDAQ: VIAC), DISCOVERY...

Shares of ViacomCBS Inc. (NASDAQ: VIAC) fell almost 4% in the regular trading session on Monday and further declined more than 3% in the extended session. What Happened: ViacomCBS said Monday that ViacomCBS Networks International (VCNI) has agreed to acquire Latin American broadcaster Chilevisi...

Discovery, Inc’s (NASDAQ: DISCA) (NASDAQ: DISCB) series B shares spiked nearly 83% in the regular session Wednesday. What Happened: The cause of the soaring could be a short squeeze involving arbitrage traders or a so-called “arb squeeze” according to Dennis Dick, head of markets...

Credit Suisse Group AG (NYSE: CS) shares were trading down again Wednesday amid lingering uncertainty related to the bank’s exposure to Archegos Capital Management. That dynamic prompted one analyst to cut his price target for Credit Suisse for the second time in three days. The Credit Suisse...

Wells Fargo & Co (NYSE: WFC) shares spiked higher by more than 3% Tuesday morning after the company said it did not incur losses from Archegos Capital. "We had a prime brokerage relationship with Archegos. We were well collateralized at all times over the last week and no longer have any...

Investors on Reddit, mainly on the forum that participated in a short squeeze in the shares of GameStop Corporation (NYSE: GME), are laying the finger of blame on Wall Street big shots for the plunge that affected several companies Friday. What Happened: Multiple posts from Reddit users including...

Credit Suisse Group AG (NYSE: CS) shares were losing ground Monday after the bank warned investors that its first-quarter earnings could take a big hit due to the unwinding of a U.S. hedge fund. The near-term uncertainty was enough for at least one Wall Street analyst to downgrade Credit Suisse on...