Powell Says Archegos Collapse Revealed Breakdowns at Some Banks

Bloomberg2021-04-30

Federal Reserve Chairman Jerome Powell said the central bank is examining the Archegos Capital Management blowup because it revealed risk-management failures at a number of banks his agency supervises...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

1Robo
2021-05-02
1Robo
Good article
andrew123
2021-05-02
andrew123
Unfortunately to meet tgt/improve profit, oversight by some bank
sunnylimbs
2021-05-01
sunnylimbs
Seow
- gemini_lydia:
  nice
Kristo
2021-04-30
Kristo
Yes
- sunnylimbs:
  yes
Ryoori
2021-04-30
Ryoori
Hmm
- sunnylimbs:
  no
law1990
2021-04-30
law1990
please like and comment
- law1990:
  please like and comment me

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1144269360?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-30 17:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1144269360","market":"us","top_or_hot":-1,"title":"Powell Says Archegos Collapse Revealed Breakdowns at Some Banks","media":"Bloomberg","content":"<div>\n<p>Federal Reserve Chairman Jerome Powell said the central bank is examining the Archegos Capital Management blowup because it revealed risk-management failures at a number of banks his agency supervises...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/powell-says-archegos-collapse-revealed-breakdowns-at-some-banks\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell Says Archegos Collapse Revealed Breakdowns at Some Banks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell Says Archegos Collapse Revealed Breakdowns at Some Banks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 17:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/powell-says-archegos-collapse-revealed-breakdowns-at-some-banks><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal Reserve Chairman Jerome Powell said the central bank is examining the Archegos Capital Management blowup because it revealed risk-management failures at a number of banks his agency supervises...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/powell-says-archegos-collapse-revealed-breakdowns-at-some-banks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/powell-says-archegos-collapse-revealed-breakdowns-at-some-banks","article_id":"1144269360","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1144269360","pubTimestamp":1619776038,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Federal Reserve Chairman Jerome Powell said the central bank is examining the Archegos Capital Manag","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"鲍威尔说，Archegos的崩溃揭示了一些银行的崩溃","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Federal Reserve Chairman Jerome Powell said the central bank is examining the Archegos Capital Management blowup because it revealed risk-management failures at a number of banks his agency supervises.\n“It seems as though there were risk-management breakdowns at some of the firms -- not all of them -- and that’s what we’re looking into,” Powell said at a press conference Wednesday. He also defended the Fed’s role as an industry supervisor, saying his examiners aren’t responsible for taking control to stem losses by lenders. “We don’t manage their companies for them,” he said.\nThe collapse of trader Bill Hwang’s firm continues to reveal losses by some of the world’s biggest lenders and cost some executives their jobs. More than$10 billionin losses at major banks includingCredit Suisse Group AG, Nomura Holdings Inc., Morgan Stanley andUBS Group AGsent shock waves through the industry and has drawn attention from U.S. regulators.\nThe Archegos exposures weren’t well understood by some banks, Powell said, adding that it’s “troubling” in an aspect of banking that’s supposed to carry clear risks.\nWhile that revealed a failure in bank controls, “Archegos risks were not systemically important or were not of the size that they would have really created trouble for any of those institutions,” he told reporters.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":101266312,"gmtCreate":1619917437636,"gmtModify":1704336270769,"author":{"id":"3581571479581183","authorId":"3581571479581183","name":"1Robo","avatar":"https://static.tigerbbs.com/d6d78c3153b562ef72e04f138b8a4f8a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3581571479581183","idStr":"3581571479581183"},"htmlText":"Good article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/101266312","repostId":1144269360,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":101661907,"gmtCreate":1619908878809,"gmtModify":1704336133586,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3576260758860416","idStr":"3576260758860416"},"htmlText":"Unfortunately to meet tgt/improve profit, oversight by some bank","listText":"Unfortunately to meet tgt/improve profit, oversight by some bank","text":"Unfortunately to meet tgt/improve profit, oversight by some bank","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/101661907","repostId":1144269360,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":101179113,"gmtCreate":1619868961232,"gmtModify":1704335908742,"author":{"id":"3581734197173658","authorId":"3581734197173658","name":"sunnylimbs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3581734197173658","idStr":"3581734197173658"},"htmlText":"Seow","listText":"Seow","text":"Seow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/101179113","repostId":1144269360,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4197647,"gmtCreate":1619930081354,"gmtModify":1680786591803,"authorId":3582014312930935,"author":{"id":3582014312930935,"idStr":"3582014312930935","authorId":3582014312930935,"name":"gemini_lydia","avatar":"https://static.tigerbbs.com/a985e0fced511e9832d6e4b714964ac8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":101179113,"type":1,"supId":0,"prevId":0,"content":"<u>nice</u>","text":"<u>nice</u>","html":"<u>nice</u>"}],"langContent":"EN"},{"id":103592644,"gmtCreate":1619792224688,"gmtModify":1704272456190,"author":{"id":"3557634928383187","authorId":"3557634928383187","name":"Kristo","avatar":"https://static.tigerbbs.com/07075676425d47f31685477722d0d415","vip":1,"crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3557634928383187","idStr":"3557634928383187"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/103592644","repostId":1144269360,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4192026,"gmtCreate":1619868981028,"gmtModify":1680786502154,"authorId":3581734197173658,"author":{"id":3581734197173658,"idStr":"3581734197173658","authorId":3581734197173658,"name":"sunnylimbs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103592644,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"},{"id":103265460,"gmtCreate":1619788599350,"gmtModify":1704272374449,"author":{"id":"3582017458119139","authorId":"3582017458119139","name":"Ryoori","avatar":"https://static.tigerbbs.com/ef23a4636db1b89b681501385ddbdf82","vip":1,"crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3582017458119139","idStr":"3582017458119139"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/103265460","repostId":1144269360,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4192027,"gmtCreate":1619868990696,"gmtModify":1680786501262,"authorId":3581734197173658,"author":{"id":3581734197173658,"idStr":"3581734197173658","authorId":3581734197173658,"name":"sunnylimbs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103265460,"type":1,"supId":0,"prevId":0,"content":"<u>no</u>","text":"<u>no</u>","html":"<u>no</u>"}],"langContent":"EN"},{"id":103239305,"gmtCreate":1619785180407,"gmtModify":1704272322812,"author":{"id":"3582281369851992","authorId":"3582281369851992","name":"law1990","avatar":"https://static.tigerbbs.com/9ae83828837de5ea0e79d417b3182c7a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582281369851992","idStr":"3582281369851992"},"htmlText":"please like and comment","listText":"please like and comment","text":"please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/103239305","repostId":1144269360,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4188095,"gmtCreate":1619834461507,"gmtModify":1680786450381,"authorId":3582281369851992,"author":{"id":3582281369851992,"idStr":"3582281369851992","authorId":3582281369851992,"name":"law1990","avatar":"https://static.tigerbbs.com/9ae83828837de5ea0e79d417b3182c7a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103239305,"type":1,"supId":0,"prevId":0,"content":"please like and comment me","text":"please like and comment me","html":"please like and comment me"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":38,"commentSize":23,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1144269360"}