Business > Market

Goldman Sachs says its losses are 'immaterial' even as rivals warn of billion-dollar losses following Archegos liquidation

24 days ago   |   By Business Insider

Summary List Placement Goldman Sachs Group on Monday assuaged client and investors concerns, telling them that any loss incurred following the billion-dollar stock selling spree of Archegos Capital Management is likely to be immaterial, a source told Bloomberg .
The investment bank's loans to Archegos were fully collateralized, Goldman said. In addition, the New York-based investment bank said it was among the first to reduce its exposure and has therefore exited most of its positions in relation to Archegos, a source told Bloomberg .
This is in stark contrast to Nomura Holdings and Credit...
Read more ...

 

These are the 8 stocks that plummeted as Archegos Capital margin call led to $20 billion liquidation

These are the 8 stocks that plummeted as Archegos Capital margin call led to $20 billion liquidation

24 days ago   |   By Business Insider

Summary List Placement
A wave of selling in a handful of stocks on Friday was sparked by a $20 billion margin call for Archegos Capital.
Archegos is the family office of former Tiger Management portfolio manager Bill Hwang.
These are the 8 stocks that plummeted on Friday as margin calls led to a $20 billion forced liquidation of Archegos Capital.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
A wave of multi-billion share blocks for a handful of stocks hit the market on Friday as Archegos Capital was hit with a $20 billion margin call.
The highly-leveraged firm...
Read more ...

 


Search by Tags

   Market  


The CDC is investigating the death of an Oregon woman after she received the...

The CDC is investigating the death of an Oregon woman after she received the Johnson & Johnson vaccine

Summary List Placement The Centers for Disease Control and Prevention is investigating the death of a woman in Oregon within two weeks after she was inoculated with the Johnson... Read more ...

Sen. Tim Scott will deliver the GOP response to Biden's speech before a...

Sen. Tim Scott will deliver the GOP response to Biden's speech before a joint session of Congress

Summary List Placement South Carolina Rep. Tim Scott will deliver the GOP response to President Joe Biden's speech before Congress on April 28. Biden is planning to make his... Read more ...

Biden reportedly plans to nearly double the capital gains tax rate to as...

Biden reportedly plans to nearly double the capital gains tax rate to as high as 43.4% for wealthy Americans

Summary List Placement President Joe Biden plans to propose a capital gains tax rate that is nearly double the current level, according to a report from Bloomberg on... Read more ...

US mortgage rates fall below 3% for first time since February as housing...

US mortgage rates fall below 3% for first time since February as housing market cools

Summary List Placement The headline mortgage rate's plunge below 3% last year was a big deal. It added fuel to a housing market boom that continues to this day. The rate... Read more ...

Marjorie Taylor-Greene wants Green New Deal debate with AOC after taking a...

Marjorie Taylor-Greene wants Green New Deal debate with AOC after taking a week to read ‘14 page communist manifesto'

Rep. Marjorie Taylor-Greene claims she will debate Rep. Alexandria Ocasio-Cortez on the proposed Green New Deal, but was ridiculed for seemingly taking a week to read the “14... Read more ...

The scientist behind Pfizer's vaccine says people will likely need a third...

The scientist behind Pfizer's vaccine says people will likely need a third COVID-19 shot along with yearly doses

Summary List Placement People are likely going to need a third dose of the COVID-19 vaccine and then annual shots, similar to the seasonal flu, said the scientist behind the... Read more ...

House passes bill giving Washington, DC statehood

House passes bill giving Washington, DC statehood

Summary List Placement The House of Representatives passed a bill along party lines on Thursday that would make Washington, DC the nation's 51st state. The legislation, known... Read more ...

Russia suddenly says it's pulling back troops from Ukraine's borders after...

Russia suddenly says it's pulling back troops from Ukraine's borders after weeks of tensions and fears of an invasion

Summary List Placement Russia on Thursday abruptly announced it's pulling troops back from Ukraine's borders, just one day after President Vladimir Putin warned that anyone who... Read more ...

The CDC finds no safety risks for pregnant people who get the Pfizer and...

The CDC finds no safety risks for pregnant people who get the Pfizer and Moderna COVID-19 vaccines

Summary List Placement The Pfizer and Moderna COVID-19 vaccines don't seem to pose any serious risk during pregnancy, according to a preliminary study using data from the US... Read more ...

A SPAC backed by an LA Dodgers co-owner will take online ticket reseller...

A SPAC backed by an LA Dodgers co-owner will take online ticket reseller Vivid Seats public at a $2 billion valuation

Summary List Placement A blank check company backed by Los Angeles Dodgers co-owner Todd Boehly announced Thursday that it is taking online ticket marketplace Vivid Seats... Read more ...