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

18 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...
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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

18 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.
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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...
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