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Wall Street Banks Summoned By Regulators After Hwang’s Blow-Up (BBG)

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BBG notes that "Wall Street banks grappling with the implosion of Bill Hwang's investment firm spent Monday briefing U.S. regulators as Washington starts to dig into one of the biggest fund blow-ups in years. The Securities and Exchange Commission summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang's Archegos Capital Management, said people with knowledge of the matter who asked not to be named in discussing private conversations."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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