S.E.C. Chair Gensler Emphasizes Transparency in Markets

In a hearing focused on the frenzied trading of GameStop stock, the new S.E.C. chairman suggests more disclosure is needed.

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Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots

The Federal Reserve painted a picture of a generally stable financial system, but one bubbling with risk-taking that merits attention.

#archegos-capital-management-llc, #federal-reserve-system, #gamestop-corporation, #stocks-and-bonds, #united-states-economy

Hurt by Losses, Credit Suisse Faces Reckoning Under New Chairman

The nearly $5 billion loss from the collapse of Archegos Capital Management was just the latest problem for Credit Suisse’s beleaguered investment bank.

#appointments-and-executive-changes, #archegos-capital-management-llc, #banking-and-financial-institutions, #credit-suisse-group-ag, #gottstein-thomas, #greensill-capital, #horta-osorio-antonio

Gary Gensler, Wall Street’s New Watchdog, Has a Full Plate

Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.

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Archegos Left a Sparse Paper Trail for a $10 Billion Firm

In its eight-year history, the family office that managed the fortune of Bill Hwang never publicly disclosed any stock ownership. Securities lawyers said that was highly unusual.

#archegos-capital-management-llc, #banking-and-financial-institutions, #derivatives-financial-instruments, #hwang-bill, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission

‘It’s Déjà Vu’: Credit Suisse Faces a Big Loss From Familiar Troubles

The Swiss bank is in turmoil after a series of financial disasters that have battered its reputation and are likely to diminish its global clout.

#appointments-and-executive-changes, #archegos-capital-management-llc, #company-reports, #credit-suisse-group-ag, #greensill-capital

He Built a $10 Billion Investment Firm. It Fell Apart in Days.

Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.

#archegos-capital-management-llc, #banking-and-financial-institutions, #credit-suisse-group-ag, #derivatives-financial-instruments, #goldman-sachs-group-inc, #gsx-techedu-inc, #hedge-funds, #hwang-bill, #jpmorgan-chasecompany, #morgan-stanley, #regulation-and-deregulation-of-industry, #rlx-technologies, #stocks-and-bonds, #viacomcbs-inc

Investment Firm’s Collapse Put Unseen Risks on Full Display

Archegos Capital Management’s use of swaps helped conceal its exposure to huge blocks of shares but showed once again how lightly regulated derivatives can shake the financial system.

#archegos-capital-management-llc, #banking-and-financial-institutions, #credit-suisse-group-ag, #derivatives-financial-instruments, #hedge-funds, #hwang-bill, #nomura-holdings-inc, #regulation-and-deregulation-of-industry, #stocks-and-bonds, #viacomcbs-inc