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Regulators in the US and Europe are scrutinising discussions between six banks linked to Archegos Capital Management to decide whether any acted inappropriately during a recent fire sale of shares topping £20bn (£14.5bn), reports the Financial Times. Bill Hwang, founder of the hedge fund, gathered Goldman Sachs, Morgan Stanley and Wells Fargo, as well as UBS, Credit Suisse and Nomura last week in a last-ditch effort to unwind billions of dollars of market bets in an orderly manner, says the paper.