18 min listen
Was the Archegos implosion illegal?
FromBehind the Money
ratings:
Length:
24 minutes
Released:
May 8, 2024
Format:
Podcast episode
Description
Three years ago, chaos struck Wall Street. Companies saw their share prices tumble, seemingly out of nowhere. Major banks lost billions of dollars in the fallout. Eventually, that chaos was linked to a family office, Archegos Capital Management, and its founder Bill Hwang. This week, Hwang heads to trial in New York, where he faces charges including racketeering, and securities and wire fraud. The FT’s US legal correspondent Joe Miller examines the “novel” case prosecutors plan to pursue. Clips from CNBC, Fox Business- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:‘To what end?’: the murky question of Bill Hwang’s motive in Archegos trialArchegos founder’s charity was financial ‘escape pod’, suit allegesHedge funds and brokers take aim at post-Archegos trading reforms- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Joe Miller (@JoeMillerJr) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Released:
May 8, 2024
Format:
Podcast episode
Titles in the series (100)
The economic crisis in Argentina explained: After Mauricio Macri came to power in 2015, international investors poured money into Argentina's hundred-year bond with the hopes that the centre-right leader would stabilise the economy after years of disarray. But less than three years later, t... by Behind the Money