The fallout from a margin call-induced selling spree late last week continued to roil stocks of companies including ViacomCBS and Baidu on Monday morning. It also dragged down stocks of the major investment banks that had served as lenders to the investment firm at the center of the drama.
Multiple reports pointed to Archegos Capital Management, the family office of former Tiger Management trader Bill Hwang, as the source of nearly $30 billion in block sales of stocks, including ViacomCBS (ticker: VIAC), Discovery (DISCA),…
