bloombergytbot on Nostr: Here's your summary from The $36 Billion Downfall of Archegos ...
Here's your summary from The $36 Billion Downfall of Archegos (
https://www.youtube.com/watch?v=fFolwsEa7DI) on the Bloomberg Television channel:
**TLDR:** The downfall of Archegos revealed chaotic last-minute decisions, ineptitude among banks, and the lack of regulatory intervention.
1. Archegos' $36 billion collapse exposed chaotic last-minute decisions made by banks and senior executives.
2. Banks displayed ineptitude by trusting vague promises from Archegos and failing to seek regulatory intervention when issues arose.
3. Credit Suisse lost $5.5 billion and no longer exists, while Goldman Sachs emerged relatively unscathed by acting swiftly to protect their interests.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
Published at
2024-06-26 19:17:06Event JSON
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"content": "Here's your summary from The $36 Billion Downfall of Archegos (https://www.youtube.com/watch?v=fFolwsEa7DI) on the Bloomberg Television channel:\n**TLDR:** The downfall of Archegos revealed chaotic last-minute decisions, ineptitude among banks, and the lack of regulatory intervention.\n\n1. Archegos' $36 billion collapse exposed chaotic last-minute decisions made by banks and senior executives.\n2. Banks displayed ineptitude by trusting vague promises from Archegos and failing to seek regulatory intervention when issues arose.\n3. Credit Suisse lost $5.5 billion and no longer exists, while Goldman Sachs emerged relatively unscathed by acting swiftly to protect their interests.\n #finance #tradfi #markets #stocks #stockmarket #bloomberg #macro",
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