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Bill Hwang built a $10 billion investment firm. It fell apart in days
9 Apr, 2021 06:00 AM
9 minutes to read
Bill Hwang borrowed heavily from Wall Street banks to become the single largest shareholder in ViacomCBS. Then the price dropped. Photo / Getty Images
Bill Hwang borrowed heavily from Wall Street banks to become the single largest shareholder in ViacomCBS. Then the price dropped. Photo / Getty Images
New York Times
By: Kate Kelly, Matthew Goldstein, Matt Phillips and Andrew Ross Sorkin
Banks were eager to do business with Bill Hwang and his Archegos Capital Management until he ran out of money. Until recently, Bill Hwang sat atop one of the biggest and perhaps least-known