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Bill Hwang Made a Huge, Secret Bank Bet Before Archegos Collapse
Buried in the billions Bill Hwang wagered and lost, the man used derivatives to secretly build a more-than 20% stake in a U.S. regional bank.
Cash Is a Better Hedge Than Bonds, Goldman’s Oppenheimer Says
“Cash probably represents a much better way of hedging against an increased exposure to risk assets like equities.”
UBS, DBS Top Executives Warn That High Inflation May Stay
The world may see “uncomfortably high” rates of inflation for one to three years, UBS Group AG Chairman Axel Weber said Wednesday.
JPMorgan Sues Tesla for $162 Million After Musk Tweets Soured Warrant Deal
It's unusual for major Wall Street bank to sue high-profile client, although JPMorgan did little business with electric carmaker the past 7 years.