Doj Probes Banks In Collapse Of Hedge Fund Archegos | Daily Mail Online

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U.S. investigators who focus on corporate collusion are examining how global banks handled multibillion-dollar trades with Bill Hwang's Archegos Capital Management, according to a new report. At least a part of the probe is being handled by the U.S. Department of Justice's antitrust division, Bloomberg reported on Thursday, citing people familiar with the matter. Archegos, a family office run by ex-Tiger Asia manager Bill Hwang, defaulted on margin calls in March, which left banks nursing heavy losses after a fire sale of shares, including ViacomCBS and Discovery, meant to act as collateral.

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