Archegos fall costs its banks more than $10bn
On the 04.28.21 at 7:46AM
The banks lost the equivalent of half of the insolvent fund’s assets under management.
The upper end of the range has been reached. The results that banks have already reported reveal a combined $10.5bn in losses from the fall of the Archegos fund, of which $1.5bn will show up in their second-quarter accounts.