The Archegos Capital Management scandal that hit some of the world’s biggest banks with losses topping $10 billion is also affecting the market for special purpose acquisition companies (SPACs), the Financial Times reported on Friday (May 28). As a result of the fallout of the collapse of the investment...
August 17, 2023
Goldman Sachs Group is reportedly adding staff to its compliance department amid increased scrutiny of the industry from the Federal Reserve. The Wall Street firm plans to enlist several hundred new staffers to address concerns raised by banking supervisors, Bloomberg reported Thursday (Aug. 17). Goldman Sachs CEO David Solomon has acknowledged the tougher regulatory climate for the industry at large, […]
May 28, 2021
The Archegos Capital Management scandal that hit some of the world’s biggest banks with losses topping $10 billion is also affecting the market for special purpose acquisition companies (SPACs), the Financial Times reported on...
