Goldman Sachs displays whole margin loans after Archegos fund explosion: chief by Reuters

© Reuters. FILE PHOTO: FILE PHOTO: FILE PHOTO: The Goldman Sachs firm brand is seen within the firm’s area on NYSE flooring in New York Metropolis

NEW YORK (Reuters) – Executives at Goldman Sachs Group Inc (NYSE 🙂 is monitoring the entire quantity of loans borrowed on margin after the collapse of funding fund Archegos Capital Administration final month, the financial institution’s president and chief working officer John Waldron mentioned on Monday.

Talking at a digital assembly hosted by the Financial Membership of New York, Waldron mentioned the entire quantity of industry-wide margin debt was round $ 800 billion, a rise of ‘about $ 300 billion from final yr.

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