https://www.bloomberg.com/news/features/2024-05-01/bill-hwang-fights-prison-time-after-hastening-credit-suisse-collapse

Skip to content
Bloomberg the Company & Its ProductsThe Company & its Products
Bloomberg Terminal Demo RequestBloomberg Anywhere Remote Login
Bloomberg Anywhere LoginBloomberg Customer SupportCustomer Support

  * Bloomberg

    Connecting decision makers to a dynamic network of information,
    people and ideas, Bloomberg quickly and accurately delivers
    business and financial information, news and insight around the
    world

    For Customers

      + Bloomberg Anywhere Remote Login
      + Software Updates
      + Manage Products and Account Information

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  * Company

      + About
      + Careers
      + Diversity and Inclusion
      + Tech At Bloomberg
      + Philanthropy
      + Sustainability
      + Bloomberg London
      + Bloomberg Beta
      + Gender-Equality Index

    Communications

      + Press Announcements
      + Press Contacts

    Follow

      + Facebook
      + Instagram
      + LinkedIn
      + Twitter
      + YouTube
  * Products

      + Bloomberg Terminal
      + Data
      + Trading
      + Risk
      + Compliance
      + Indices

    Industry Products

      + Bloomberg Law
      + Bloomberg Tax
      + Bloomberg Government
      + BloombergNEF
  * Media

      + Bloomberg Markets
      + Bloomberg Technology
      + Bloomberg Pursuits
      + Bloomberg Politics
      + Bloomberg Opinion
      + Bloomberg Businessweek
      + Bloomberg Live Conferences
      + Bloomberg Radio
      + Bloomberg Television
      + News Bureaus

    Media Services

      + Bloomberg Media Distribution
      + Advertising

  * Company

      + About
      + Careers
      + Diversity and Inclusion
      + Tech At Bloomberg
      + Philanthropy
      + Sustainability
      + Bloomberg London
      + Bloomberg Beta
      + Gender-Equality Index

    Communications

      + Press Announcements
      + Press Contacts

    Follow

      + Facebook
      + Instagram
      + LinkedIn
      + Twitter
      + YouTube
  * Products

      + Bloomberg Terminal
      + Data
      + Trading
      + Risk
      + Compliance
      + Indices

    Industry Products

      + Bloomberg Law
      + Bloomberg Tax
      + Bloomberg Government
      + Bloomberg Environment
      + BloombergNEF
  * Media

      + Bloomberg Markets
      + Bloomberg
        Technology
      + Bloomberg Pursuits
      + Bloomberg Politics
      + Bloomberg Opinion
      + Bloomberg
        Businessweek
      + Bloomberg Live Conferences
      + Bloomberg Radio
      + Bloomberg Television
      + News Bureaus

    Media Services

      + Bloomberg Media Distribution
      + Advertising
  * Bloomberg

    Connecting decision makers to a dynamic network of information,
    people and ideas, Bloomberg quickly and accurately delivers
    business and financial information, news and insight around the
    world

    For Customers

      + Bloomberg Anywhere Remote Login
      + Software Updates
      + Manage Contracts and Orders

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

 
Sign InSubscribe
Live TV
Markets
Economics
Industries
Tech
Politics
Businessweek
Opinion
More
US Edition
 
Subscribe

Bill Hwang's Archegos Collapse:

Who Is Bill HwangThe Case, ExplainedWhat Happened Inside Archegos
Understanding Block Trades Wall Street Crackdown
BackForward
Bill Hwang 

Bill Hwang 

Photo Illustration: 731; Emile Wamsteker/Bloomberg
Wealth
Businessweek

He Lost $36 Billion in a Week. Now Bill Hwang Is Fighting to Avoid
Prison

The Archegos founder who erased his fortune in a blink -- and helped
bring down Credit Suisse -- heads to trial next week with his faith
unshaken.

By Sridhar Natarajan, Ava Benny-Morrison, and Katherine Burton
May 1, 2024 at 6:00 AM EDT
Updated on
May 1, 2024 at 12:19 PM EDT
Save

It came to him in a dream. That's what Bill Hwang told people.

In his vision, the blood of Christ washes over New York, cleansing
the great metropolis of its sins. The mysterious trader --
creator-destroyer of one of the world's great fortunes -- was so moved
by the idea that, like a modern Medici, he commissioned a famous
artist to bring his dream to life.

 
Have a confidential tip for our reporters? Get in Touch
 
Before it's here, it's on the Bloomberg Terminal
LEARN MORE
 
HomeBTV+Market DataOpinionAudioOriginalsMagazineEvents
News
MarketsEconomicsTechnologyPoliticsGreenCryptoAI
Work & Life
WealthPursuitsBusinessweekCityLabEqualityPursuitsWork Shift
Market Data
StocksCommoditiesRates & BondsCurrenciesFuturesSectorsEconomic
Calendar
Explore
NewslettersExplainersThe Big TakeGraphicsSubmit a TipAbout Us
Terms of ServiceDo Not Sell or Share My Personal Information
TrademarksPrivacy Policy
CareersMade in NYCAdvertise
Ad Choices
Help(c)2024 Bloomberg L.P. All Rights Reserved.