SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 453.97-0.1%Feb 4 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sense who wrote (169992)3/29/2021 3:17:42 AM
From: TobagoJack1 Recommendation

Recommended By
maceng2

  Read Replies (1) of 220043
 
Incoming ...

Bloomberg e-mail on Europe open

Tiger Cub Bill Hwang's familyoffice was behind the unprecedented $20 billion in trades that were the talk of Wall Street. Archegos was forced by banks including Morgan Stanley and Goldman to sell shares after some positions moved against him, people familiar said. Among the stocks sold: Viacom CBS, Farfetch, Discovery, Baidu, Tencent Music, Vipshop and iQiyi. Baidu fell.

The hits kept coming:

Credit Suisse is exiting positions after a "significant" hedge fund defaulted on margin calls.

Morgan Stanley was shoppinga large block of ViacomCBS shares yesterday, a person familiar said. About 45 million shares were offered — worth more than $2 billion at Friday's closing price.

Nomura sank as much as 16%after disclosing it may have incurred a "significant" loss arising from transactions with an unnamed U.S. client. The deals were tied to the Archegos selloff, people familiar said. The estimated amount of the claim against the client is about $2 billion. Nomura also canceled plans to sell dollar bonds.

Goldman made itself a playerin the Hwang saga by lifting a long-standing ban on doing business with him at some point in the last two-and-a-half years. Lured by tens of millions of dollars in commissions, the firm removed his name from its blacklist. Hwang had landed there after pleading guilty to insider trading in 2012.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News