Financial industry rocked by Archegos affair
On Business Weekly, we look at the collapse of Archegos. Could yet another financial scandal have wider implications? And who is the man behind this secretive hedge fund?
Some of the world’s biggest investment banks have been left exposed as a hedge fund collapsed, leaving multi-billion dollar losses in its wake. Archegos Capital Management was a secretive personal wealth fund - we find out why banks like Goldman Sachs, Credit Suisse and Nomura dealt with it. We hear why a European Union ban on palm oil in biofuel has left both Indonesia and Malaysia upset and as Bangladesh celebrates its 50th birthday we ask whether the textile industry will be able to support the country into the future. Plus, we celebrate 30 years of business programmes on the ±«Óătv World Service. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.
(Image: Stockmarket screen, Getty Images)
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- Sat 3 Apr 2021 14:06GMT±«Óătv World Service News Internet
- Sun 4 Apr 2021 19:06GMT±«Óătv World Service