From riches to ruin: Bill Hwang’s 18-year sentence for Archegos disaster

Sung Kook “Bill” Hwang, once a prominent figure in the financial world, received an 18-year prison sentence on Wednesday for his role in the spectacular collapse of Archegos Capital Management. The implosion sent shockwaves through Wall Street, leaving major banks reeling from over $10 billion in losses. US District Judge...