The dramatic implosion of Archegos Capital Management has turned the spotlight on family offices.
These usually conservative financial institutions are effectively unregulated, but that can be risky.
Archegos blew an estimated $10 billion hole in some banks, using leverage and derivatives.
Family offices sound innocent, but one just blew an estimated $10 billion hole in some of the world s biggest banks.
Bill Hwang s Archegos Capital Management was a large investment firm funding risky bets through lots of borrowing. But it was structured as a family office , a type of financial institution designed to preserve and grow a rich person s wealth, meaning it went largely unnoticed.
In a statement on Wednesday, the central bank said that the performance of IDBI Bank was reviewed by the Board for Financial Supervision (BFS) of RBI in its meeting held on February 18, 2021. It w
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Film-forming wound dressing gels viewed as products with game-changing revenue potential, traditional Chinese medicine ingredients gathering steam among researchers
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Players in the ecosystem opt for strategic moves to consolidate their supply chain in the wake of COVID-19 outbreaks, with focus on contingency plans
ALBANY, N.Y., March 9, 2021 /PRNewswire/ Radiation dermatitis is a predominant sequela of various radiation therapies, and is characterized by moderate-to-acute radiation-induced skin toxicity, such as acute erythema and desquamation. Patients undergo radiation therapies for range of ailments, most notably cancer. Healthcare companies and industry players are keen on testing and validating a variety of topical agents and wound dressings that have potential to treat acute radiation dermatitis. However, due to prominent absence of a common therapeutic standard, ongoing studies investigating new mechanisms of actions expand the prospect in radiation dermatitis