Federal Reserve: Weak Practices in Banks with Exposure to $120 Billion Archegos Family Office
26th November 2021 | Hong Kong
The United States Federal Reserve (Fed) has released information on weak practices in banks with exposure to $120 billion Archegos family office, which operates like a hedge fund and causing $10 billion of trading losses to the world’s largest banks including Credit Suisse, UBS, Nomura, MUFJ and Morgan Stanley. According to the United States Federal Reserve Supervision and Regulatory Report, the collapse of Archegos family office had revealed weaknesses in margin practices and counter-party risk management at some firms. In the report, no banks were named but the Federal Reserve will be providing direct feedback to the financial institutions that would cause vulnerability in the financial system.
“ Weak Practices in Banks with Exposure to $120 Billion Archegos Family Office “
Archegos Family Office – $120 Billion Exposure
Credit Suisse which suffered a loss of $5.5 billion, had released a full investigative report, detailing the relationship, built-up to losses and revenue from Archegos Family Office. Archegos Family Office, Korean-American Bill Hwang family office which operates like a hedge fund, had total exposure of $120 billion in March 2021, causing $10 billion of trading losses to the world’s largest banks including Credit Suisse, UBS, Nomura, MUFJ and Morgan Stanley. Read More: Credit Suisse Report: Archegos Family Office Had $120 Billion Total Exposure
Related:
- Goldman Sachs & Morgan Stanley Sued for Archegos Family Office Insider Trading
- Credit Suisse Report: Archegos Family Office Had $120 Billion Total Exposure
- $20 Billion Archegos Leveraged on GSX Techedu & Founder Loses $14 Billion, Name Change to Gaotu on NYSE
- Credit Suisse Raises $1.92 Billion in Capital, $5.5 billion Losses from Archegos Family Office
- $20 Billion Archegos Leveraged on GSX Techedu & Founder Loses $14 Billion, Name Change to Gaotu on NYSE
- Credit Suisse, UBS, Nomura, MUFJ and Morgan Stanley Losses for Archegos Family Office Nears $10 Billion
- UBS Reports $861 Million Losses from Archegos Family Office, $4.2 Trillion AUM and $1.82 Billion Profit for Q1 2021
- Credit Suisse and Nomura in $6 Billion Hit by Bill Hwang Archegos Family Office
- HSBC UK Faces $1.61 billion Lawsuit for Tax-Efficient Disney Films Investments
- 20 Traders Who Lost More than a Billion
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit