DOJ investigates banks for collusion in Archegos Capital liquidation, involving $150 billion bets.

by
Sharing is Caring!

Department of Justice (DOJ) has initiated a criminal antitrust investigation into banks that may have colluded to unwind their positions related to Archegos Capital Management. This investigation is examining whether banks like Credit Suisse, Nomura Holdings, and UBS Group AG coordinated their actions to manage the liquidation of Archegos’ portfolio, which involved over $150 billion in bets.

See also  $2 billion in iPhones in the air to the United States right now.
See also  Class Action Suit filed - Capital One allegedly shares personal data with Meta, Google, Microsoft and other entities without customer knowledge or consent

Sources:

news.bloomberglaw.com/antitrust/doj-fires-up-criminal-probe-of-banks-hurt-by-archegos-debacle

finance.yahoo.com/news/doj-fires-criminal-probe-banks-130038114.html

Views: 57

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.