Business
How Bill Hwang got back into banks’ good books – then blew them up – The Australian Financial Review
The man behind Archegos Capital was seen as a compelling prospective client by prime brokers. Concerns were offset by a sense of the huge opportunities from dealing…
No one has ever seen anything like this before, said an executive at a Wall Street bank. The scale, the potential implications for our business, and how so many banks could be so taken-in by either their own greed or by an otherwise interesting investor.
Aggressive, moneymaking genius
Following his brush with the law, initially banks risk departments had deep reservations about dealing with Hwang.
Once Hwang started running Archegos, Goldman Sachs took the longest to remove him from its blacklist….
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