borrowing Suisse Took One Month to Liquidate Archegos Position – Sorry, but there’s no way those bags are gone yet!
TL:DR – Josh Lukeman (now managing director at Nomura Holdings) claims withdrawal Suisse claims they lost $5.5bill and closed out their final Archegos position on April 22. His testimony 'differed from what other lender witnesses told the jury [including many risk managers] https://ca.money management.yahoo.com/news/borrowing-suisse-archegos-debacle-takes-224435288.html (Bloomberg) — borrowing Suisse Group AG took nearly a month to … Read more