Was the Archegos implosion illegal?

Was the Archegos implosion illegal?

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 trial

Archegos founder’s charity was financial ‘escape pod’, suit alleges

Hedge 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.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(347)

Why the French Revolution was a financial revolution - Part 1

Why the French Revolution was a financial revolution - Part 1

The French Revolution was a bloody fight for liberty, equality and fraternity. But it was also a battle over money.In part 1 of our series on the French Revolution, host Robin Wigglesworth explores th...

14 Okt 48min

How the US financed World War I using Charlie Chaplin and Girl Scouts

How the US financed World War I using Charlie Chaplin and Girl Scouts

The first world war was one of the deadliest conflicts the world has ever seen. And when the US entered the war in 1917, it faced a massive financial challenge: how to pay for its contribution? Enter ...

7 Okt 40min

The bloody birth of the bond market

The bloody birth of the bond market

The US Treasury market - the world's largest government bond market - is worth about $32tn today, making it the largest pile of debt accumulated in history. But its roots lie in medieval Venice, a blo...

30 Sep 43min

Does history show that fraud is the sign of a healthy economy?

Does history show that fraud is the sign of a healthy economy?

How do you tell if an economy is actually working? Most economics classes point to controlled inflation, steady growth, or low unemployment - but what if the level of financial fraud is the real hidde...

23 Sep 45min

Meet the Fuggers: Europe’s richest family ever

Meet the Fuggers: Europe’s richest family ever

Long before Silicon Valley, the grandson of a 15th Century German peasant named Jakob Fugger built a mining and banking empire that dwarfed today’s tech titans, accumulating a fortune estimated at $4 ...

16 Sep 43min

Why Dante put bankers in hell and James Joyce didn't

Why Dante put bankers in hell and James Joyce didn't

Is money a tool of moral decay or a force for human liberation? Dante feared money would corrupt and damn us, placing bankers in the eighth circle of hell - just one above Lucifer. James Joyce saw it ...

12 Sep 41min

He expelled the money changers. So was Jesus anti-capitalist?

He expelled the money changers. So was Jesus anti-capitalist?

What did Jesus really think about money? When he overturned the tables of the money changers in the Temple in Jerusalem, accusing them of turning a sacred "house of prayer" into a "den of robbers", he...

9 Sep 51min

1873: The year America ditched silver as money and all hell broke loose

1873: The year America ditched silver as money and all hell broke loose

In 1873, Ohio senator John Sherman quietly helped pass a law that stopped Americans from turning silver into official US money. The consequences were huge: years of economic pain and political turmoil...

2 Sep 41min

Populärt inom Utbildning

husmodern-med-amanda-schulman
rss-bara-en-till-om-beroende-medberoende
historiepodden-se
det-skaver
nu-blir-det-historia
sektledare
rss-viktmedicinpodden
allt-du-velat-veta
harrisons-dramatiska-historia
not-fanny-anymore
rss-dr-bjorklund
roda-vita-rosen
sa-in-i-sjalen
johannes-hansen-podcast
rosceremoni
rss-ai-med-jonas-benjamin
i-vantan-pa-katastrofen
rss-foraldramotet-bring-lagercrantz
rikatillsammans-om-privatekonomi-rikedom-i-livet
kan-jag-sa-kan-du-podden