Archegos Implosion: Total Return Swaps and Prime Brokers

The definitive operational post-mortem of modern Wall Street's most secretive disaster has arrived. When Archegos Capital Management collapsed in March 2021, it didn't just erase a ten-billion-dollar family fortune overnight-it exposed a systemic blind spot that crippled global banking titans and rewrote the rules of counterparty risk forever. This masterfully calculated analysis strips away the...