‘This has to be one of the single greatest losses of personal wealth in history,’ says stock-market pro of Archegos margin call
March 30, 2021 at 12:55 PM EDT
Wall Street on Tuesday may be seeing muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang's Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses.
