-
In March the Bank of Japan raised interest rates for the first time since 2007, as the widening chasm between US and Japanese interest rates engendered capital movements that have dragged the yen to a three-decade low. Will the Bank keep rates relatively low to maintain an acceptable level of inflation, or raise rates in order to halt a cratering yen?
-
As Archegos Capital Management cratered in March 2021, it began trying to pull excess cash from trading accounts across Wall Street. At the time, it had about $470 million with Goldman Sachs Group Inc. But instead of withdrawing the money, an Archegos staffer accidentally wired that amount to Goldman, and the bank didn’t immediately give it back. That left ...
Sessions