Bloomberg Business

Archegos’s Bill Hwang Loses Bid to Have Charges Dismissed

Archegos Capital Management’s Bill Hwang lost his bid to have charges against him dismissed as well as for a hearing over his claims that prosecutors improperly duped him into providing them with information used to indict him.

SVB Financial Must Wait to Get Back $2 Billion from FDIC

The former owner of Silicon Valley Bank, seized earlier this month by regulators, will need to wait, possibly for several months, to know if it can get back about $2 billion in cash it would need to repay bondholders and other creditors.

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