Chinese Tycoon Who Faces $8 Billion In Margin Calls Tells Bank He Wants To Keep Shorting Nickel Melvin Capital 2.0
Update (1400ET): In what appears to be LME’s latest attempt to ‘manage’ Xiang’s outsize position risk, the exchange is ‘changing the rules’ (one might say): Due to the uncertainty of a firm resumption date and the potential for excessive volatility immediately …