Banks lead Wall Street lower on hedge fund default concerns

Banks lead Wall Street lower on hedge fund default concerns

By Devik Jain and Medha Singh (Reuters) – Wall Street’s main indexes fell on Monday after a surge in the previous session, as global banks said they faced potential losses of billion of dollars from a hedge fund’s default on margin calls. Nomura and Credit Suisse warned of significant hit after the U.S. hedge fund, […]