Shares of Europe’s largest banks dropped on Monday after extending credit to a major client that couldn’t meet its obligations. A margin call triggered on Friday of U.S. investor Archegos Capital Management continued to ripple through markets.
As of a few mins ago Nomura -16% Credit Suisse -14% Deutsche Bank -5% UBS -4% Goldman -3% (premarket) Morgan Stanley -3% (premarket)https://www.marketwatch.com/story/banks-pressured-after-u-s-hedge-fund-client-wilts-11617004079?reflink=mw_share_twitter …
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It just shows how little they really think of the power of small retail investors by trying to ride out the "hype of meme"
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Probably this fund shorted the meme stocks and instead of taking their losses they decided to hold. They should have known better.
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Hold? Lol - they doubled down!
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Too big to fail strikes again.
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Greed is a dangerous thing!!
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$AMC to the moon
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godtier meme
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