Credit Suisse warns of $1.6 billion loss after clients pull

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Credit Suisse warns of $1.6 billion loss after clients pull money

https://www.foxbusiness.com/markets/credit-su...pull-money

Archegos owner Bill Hwang, former CFO charged with fraud and hit with SEC complaint

Quote:
The complaint discusses how Archegos, through Hwang’s direction, used security-based swaps (SBSs) that allow investors to put up relatively little money in order to take on significant positions in equity securities. This, the complaint says, left Archegos subject to "significant exposure to rising and falling share prices of the issuers referenced in its SBSs."


https://www.foxbusiness.com/markets/archegos-...-complaint

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Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”

https://www.bloomberg.com/opinion/articles/20...ify%20wall

https://www.scotusblog.com/case-files/cases/m...v-manning/
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