Wall Street's losses on Archegos just topped $10 billion
CNN
Losses caused by the collapse of US hedge fund Archegos have topped $10 billion.
Swiss bank UBS (UBS) revealed on Tuesday that it lost $774 million from last month's implosion of Archegos Capital Management, a bigger hit than many analysts expected. The announcement came as Japan's Nomura (NMR) said it would book losses of $2.9 billion from Archegos, a sharp increase from its initial estimate of $2 billion. Global banks have now disclosed losses of at least $10.4 billion from the failure of Archegos, a New York-based family office that managed the fortune of investor Bill Hwang. Some smaller banks may also have been hit, and the fallout has taken the shine off an otherwise strong earnings season for global banks.
Vice President JD Vance has never looked more like the presumptive 2028 Republican presidential nominee.
A man is facing murder, weapons, and arson charges after authorities say he killed another man with an arrow, then barricaded himself in his home, where several fires were set.
An apparently frustrated federal judge pressed the Trump administration Monday to share what it was going to do next in the fast-moving saga over Kilmar Abrego Garcia days after she found he was being unlawfully held in immigration custody.
The Justice Department’s release of thousands of documents and pictures related to investigations into Jeffrey Epstein on Friday was highly anticipated and provided a glimpse into the life of the late sex offender and his associations with some of the richest and most powerful people in the world.
Jeffrey Epstein survivors are slamming the Justice Department’s partial release of the Epstein files that began last Friday, contending that contrary to what is mandated by law, the department’s disclosures so far have been incomplete and improperly redacted — and challenging for the survivors to navigate as they search for information about their own cases.
President Donald Trump is expected to make an announcement about shipbuilding alongside his Pentagon chief and Navy secretary on Monday, according to a person familiar with the plans.
The Providence mayor wants the Reddit tipster to get a $50,000 FBI reward. It might not be so simple
His detailed tip helped lead investigators to the gunman behind the deadly Brown University shooting – but whether the tipster known only as “John” will ever receive the $50,000 reward offered by the FBI is still an open question.
The Trump administration is removing numerous career ambassadors from their posts abroad, marking the latest shake-up of the US State Department and diplomatic corps.
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For more than a month, a Virginia high school football coach accused of child pornography offenses has remained missing after vanishing from his home without a trace.
They are still the rarest of Republicans – those who have spoken out and stood up to President Donald Trump over the past year, willfully saying something he rarely hears: No.
The Trump administration has signaled to the Smithsonian Institution that the White House could withhold federal funding from the museum organization if it does not comply with the administration’s unprecedented, sweeping review.
This weekend’s gathering of young Republicans and conservative influencers in the Arizona desert offered a glimpse into the divisions already fraying President Donald Trump’s coalition even before its lame-duck leader is out of the picture.