Banks Face Billions in Losses as a Bet on ViacomCBS and Other Stocks Goes Awry

By BY KATE KELLY, MATT PHILLIPS, ANDREW ROSS SORKIN AND ALEXANDRA STEVENSON from NYT Archegos Capital Management, led by Bill Hwang, couldn’t meet financial demands, creating turmoil on Wall Street and raising questions about the fund’s ties to lenders.Business https://ift.tt/2QQLgrq
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