Friday, June 11, 2021

The latest Wall Street scandal: Archegos Capital Managemen

 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




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