Archegos Stock Fallout: How Banks Went From Safe to Sorry

Archegos Stock Fallout: How Banks Went From Safe to Sorry - WSJ

Banks underestimated the risks of the fund’s holdings and their ability to exit the trades.

Until a few weeks ago. lenders thought Archegos Capital Management was safe. Last week. they were holding a financial fire sale for its assets. The simplest explanation is the banks didn’t hold enough collateral. and they wrongly assumed the shares they held could be easily sold.

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