JP Morgan warns hedge funds to expect intraday margin calls
US bank may demand variation margin ‘up to seven’ times a day after Archegos default
(www.risk.net)
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Well well well .... Arch Egos has fallen by the way side a second time.
There were involved in GME, was it not?
No. Viacom. But there is a knock-on effect: Credit Suisse and Nomura ended up holding the bag. That's causing bank stocks to drop and selloffs to cover the losses, depressing the value of some of the assets the Hedge Funds are using as collateral to short GME.
Is this where I'm supposed to say I have diamond hands? Or my tits are jacked? I can never remember which one is right.
Great, thanks for the elaboration! Truth be told: I am chuckling!