Goldman Sachs monitors total margin loans after Archegos fund explosion: leader by Reuters

© Reuters. FILE PHOTO: FILE PHOTO: FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on NYSE floors in New York City

NEW YORK (Reuters) – Executives at Goldman Sachs Group Inc (NYSE 🙂 is monitoring the total amount of loans borrowed on margin after the collapse of investment fund Archegos Capital Management last month, the bank’s president and chief operating officer John Waldron said on Monday.

Speaking at a virtual meeting hosted by the Economic Club of New York, Waldron said the total amount of industry-wide margin debt was around $ 800 billion, an increase of ‘about $ 300 billion from last year.

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