A little-known hedge fund caused widespread chaos on Wall Street
ViacomCBS (VIACA), Discovery (DISCA) and other media titans’ stocks crashed Friday as Wall Street banks that lent to Archegos forced the firm to unwind its bets. The epic firesale wiped out more than half of Viacom’s value last week alone. Major banks face billions of dollars in losses from their exposure to Archegos. Both Credit … Read more