About: http://data.cimple.eu/news-article/e5686e012f926dd86652a7a148f3b7f8d907ba54a8adb772d7fb89ff

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/e5686e012f926dd86652a7a148f3b7f8d907ba54a8adb772d7fb89ff Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Morgan Stanley took a $911 million loss in the meltdown of Archegos Capital Management, the investment bank's chief executive James Gorman said on Friday. That makes Morgan Stanley the latest big bank caught up in the scandal that saw large financial institutions quickly unload shares held via complex instruments for Archegos, a company managing the family fortune of Bill Hwang. The trigger for these massive sales seems to be a fall in share price of ViacomCBS, a company to which Archegos had a large exposure. The banks then demanded funds to cover the losses and, when Archegos could not provide them, seized its assets for sale. Gorman said the bank liquidated some large positions in late March "that resulted in a net loss of $644 million, which represents the amount the client owed us under the transactions that failed to pay us." The company opted to "de-risk" its remaining positions "as rapidly as possible," he said, "and in so doing, incurred an incremental loss of $267 million." Other firms caught up in the bloodbath include Credit Suisse, which estimated a loss of about $4.7 billion. Despite the losses, Morgan Stanley like other banks posted blockbuster quarterly profits, with profits more than doubling to $4 billion on revenue of $15.7 billion -- a jump of more than 60 percent. cs/hs
schema:headline	Morgan Stanley's loss from Archegos fiasco: $911 mn
schema:mentions	James VI and I Morgan Stanley Big Bank ViacomCBS Credit Suisse Investment banking
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software