Share

Here's what we know about how the banks helped Bill Hwang make large leverage bets

By the time Credit Suisse and Nomura, two prime brokers of Archegos, announced early Monday that they faced losses that could be “highly significant” to the banks, rival firms Goldman Sachs and Morgan Stanley had already finished unloading their positions, according to people with knowledge of the matter. CNBC's Andrew Ross Sorkin reports.
03:19
Tue, Mar 30 20216:59 AM EDT