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Nouriel Roubini s Worries About Another Financial Crash Aren t Crazy

Nouriel Roubini s Worries About Another Financial Crash Aren t Crazy
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

Bill Hwang Had $20 Billion, Then Lost It All In Two Days

Bill Hwang Had $20 Billion, Then Lost It All In Two Days
ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.

Senate Banking chairman prods Credit Suisse, others on Archegos

Senate Banking chairman prods Credit Suisse, others on Archegos Senate Banking chairman prods Credit Suisse, others on Archegos Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee.  Senate Banking Committee Chairman Sherrod Brown, D-Ohio, is demanding answers from Credit Suisse and other banks on their margin call and market activity connected to Archegos Capital Management, the hedge fund that defaulted on margin calls by Credit Suisse and other banks last month. In the chairman s letter sent Wednesday to Credit Suisse Securities, Nomura Holding America, Goldman Sachs and Morgan Stanley, Mr. Brown said he is troubled, but not surprised, by the news reports that Archegos entered into risky derivatives transactions facilitated by major investment banks, resulting in panicked selling of stocks worth tens of billions of dollars and those banks collectively losing nearly $10 billion.

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