Meltdown of Archegos Capital Management Fund Spells Trouble for Major Investment Banks

Archegos Capital Management Fund initiated a $30 billion fire sale in the stock market on Monday, resulting in two rough days for investors and potentially costing two investment banks millions of dollars. The massive selloff started as the result of …

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Shares of Deliveroo Slump 30 Percent in London Stock Exchange IPO Debut

Shares of Deliveroo, a third party delivery service backed by Amazon, fell by 30% in the company’s initial public stock offering on London’s Stock Exchange amidst concerns over its business model. The company’s stock price fell to 275 pence ($3.79) …

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Archegos Liquidation Impacts Financial Markets, Stocks Tumbling

U.S. stock markets tumbled yesterday following news that Bill Hwang’s Archegos Capital Management was liquidating $30 billion in assets to cover a margin call that went south. The large sell-off was triggered by Archegos’ positions in something called a contract-for-difference, …

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