The owner of a New York-based hedge fund that collapsed when it defaulted on margin calls was arrested Wednesday on charges alleging he defrauded leading global investment banks and brokerages of ...

New details revealing how Archegos Capital Management founder Bill Hwang hid his fund's extreme exposure from its lenders raise fresh questions about the risk management policies at these global banks ...

NEW YORK — The founder of Archegos Capital Management, a hedge fund, was sentenced to 18 years in prison on Wednesday for securities and market manipulation fraud in a scheme that prosecutors said ...

Bill Hwang, owner of Archegos Capital Management, and former chief financial officer Patrick Halligan were arrested and charged with racketeering conspiracy, securities fraud and wire fraud. The same ...

Mr. Hwang was convicted in July for his role in the collapse of his investment firm that caused roughly $10 billion in losses for several Wall Street banks. By Matthew Goldstein The 2021 collapse of ...

NEW YORK — The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities and market manipulation fraud in a scheme that prosecutors said cost ...

At one point, Archegos, which was founded by Bill Hwang, owned more than half of all freely traded shares of ViacomCBS. By Winston Cho Archegos Capital Management founder Sung Kook “Bill” Hwang has ...

UBS has been ordered to pay $388 million to British and US regulators over Credit Suisse’s dealings with private investment firm Archegos Capital Management, the Swiss bank said Monday. The settlement ...