Archegos Fallout Is A Wake-Up Call For Banks

By Julie Copeland, Atanu Saha and Yong Xu (May 3, 2021, 3:22 PM EDT) -- The collapse of Archegos Capital Management has cost some banks billions and others almost nothing, underscoring a need for all banks to reexamine their risk management protocols. Banks with solid risk control practices came out relatively unscathed while others faced significant losses and reputational damage....

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