HWANG, a member of the Bank of Korea: It is expected that there will be another interest rate cut this year, and it is difficult to say whether it will be this time or the next. (Jin Ten)
Bill Hwang, founder of Archegos Asset Management, was indicted on criminal charges stemming from his company's 2021 bankruptcy at the end of a two-month trial on Wednesday in which a US jury convicted him and co-defendant Patrick Halligan, chief financial officer. Bill Hwang, 60, was found guilty on one count of conspiracy to defraud, three counts of fraud and seven counts of market manipulation.