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The latest Wall Street scandal: Archegos Capital Managemen

Summary:
This is the story of the latest financial scandal to rock Wall Street and the global financial industry. It’s one of those stories that only happens in the United States. It’s the story of Bill Hwang, a South Korean immigrant who, after arriving in the United States with his father, learned to read and write English while working at McDonalds, later became a successful financier in the multi-billion dollar hedge fund industry and has now left several of the world's largest banks shaking in their boots[embedded content]

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 This is the story of the latest financial scandal to rock Wall Street and the global financial industry. It’s one of those stories that only happens in the United States.

 

It’s the story of Bill Hwang, a South Korean immigrant who, after arriving in the United States with his father, learned to read and write English while working at McDonalds, later became a successful financier in the multi-billion dollar hedge fund industry and has now left several of the world's largest banks shaking in their boots




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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