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Goldman Sachs watching total margin loans after Archegos fund blowup: executive

Published 04/26/2021, 11:34 AM
Updated 04/26/2021, 11:35 AM
© Reuters. FILE PHOTO: FILE PHOTO: FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the NYSE in New York

NEW YORK (Reuters) - Executives at Goldman Sachs Group Inc (NYSE:GS) are monitoring the total amount of loans borrowed on margin after the collapse of investment fund Archegos Capital Management last month, said the bank's President and Chief Operating Officer John Waldron on Monday.

Speaking at a virtual meeting held by the Economic Club of New York, Waldron said the total amount of margin debt industry-wide is about $800 billion, a roughly a $300-billion increase over the past year.

Latest comments

The novice investor along with the seasoned vets are going to get their bells rung once again. The disconnect between the S&P the Dow and Nas are signs of doom. Can't wait for the 1k + swings to come before the demise. All one needs is to have their orders in at 35 to 40% lower than where the markets are today. bona petite
by the way, 800 Billion in March. Let's see April. I bet it's through the roof
tick tock. margin debt is at ATH. one bad week could spell doom for all markets
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