Goldman Sachs watching total margin loans after Archegos fund blowup: executive By Reuters

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

NEW YORK (Reuters) – Executives at Goldman Sachs Group Inc (NYSE:) are monitoring the total amount of loans borrowed on margin after the collapse of investment fund Archegos Capital Management last month, said the bank’s President and Chief Operating Officer John Waldron on Monday.

Speaking at a virtual meeting held by the Economic Club of New York, Waldron said the total amount of margin debt industry-wide is about $800 billion, a roughly a $300-billion increase over the past year.

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