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What happened at Archegos management appears to have become a problem for many banks.

 Banks lent the fund money assuming they could pocket lending fees and manage any risks along the way.  Last week it did not play out that way. The shares of Viacom  involved fell fast and the losses were apparently large enough that some of the banks involved either could not or did no swiftly exited their positions.

 Japanese bank may have lost $2 billion dollars last week, potentially as a result of Bill Hwang’s Archegos Capital Management.

The initial movements against Archegos were unpleasant. The share price declines   been magnified by banks had to sell down stock to recoup potential losses, throwing large blocks of shares into the market causing unusual volume.

 Volatility in Viacom, has been high recently, the halving of the stock from recent highs has taken the stock back to where it was just in January of this year.

 The rise is perhaps almost as notable as the swift decline and the losses mounted. Just a thought.