Former Wall Street trader was convicted of fraud and manipulation in scheme that resulted in big losses for banks
The Women’s Tennis Association is looking to Saudi Arabia and private equity for support
Implosion in 2021 sent shockwaves through US equity markets and cost Wall Street banks billions of dollars
Closing arguments cap eight-week trial in which lawyers for former trader say government failed to prove its case
Former chief risk officer at Bill Hwang’s family office tells of pressure and lies during testimony
Recording comes in trial over whether investor and other executives duped Wall Street banks that lost billions
Trial begins over the collapse of Archegos which cost banks billions of dollars and rattled US markets
Plus, inside US universities’ complicated affair with private equity and CVC sells its divisive tea plantations
Three years after his fund’s collapse shook Wall Street, a jury will decide whether the investor’s actions were criminal
US and UK regulators criticise ‘serious’ and ‘significant’ failings behind $5.5bn trading loss at defunct Swiss bank
Plus, Bill Hwang is sued by his former analyst and Putin’s inner circle ponders a sanction-proof mega-deal
Ex-managing director at Bill Hwang’s failed investment firm claims shares were transferred to foundation
Experts say US government may struggle to show Archegos Capital chief intended to artificially boost share prices
Federal indictment against Archegos founder shines light on risk controls at sophisticated trading desks
Plus, Mukesh Ambani plans a deal with Apollo and Credit Suisse purges its top ranks
Prosecutors accuse hedge fund manager and former lieutenant of scheme that was ‘historic in scope’
The SEC complaint against Archegos in full.
The debacle resulting in Bill Hwang’s arrest has inspired calls for better disclosure of swaps holdings
Shareholders should wonder how bank could allow such an embarrassing situation to arise
From the GameStop saga to the Archegos debacle — these are the events that shaped the year
Project to track dangerously concentrated exposures to stocks has garnered attention of US regulators
Value of deferred pay plan had swelled before Bill Hwang’s family office collapsed
Executives wilfully ignored every bell, buzzer and klaxon of the risk alarm systems
New unit to track trading positions of major clients and their potential impact on bank
Swiss bank suffered $5bn hit from collapse of Bill Hwang’s fund and pledged to rein in risk
