The US Department of Justice (DOJ) is intensifying its criminal investigation into banks that suffered significant losses from the collapse of Bill Hwang's investment firm, Archegos Capital Management. The probe aims to determine whether these banks colluded while unwinding Archegos' bets, involving a $36 billion liquidation. This development comes just months after the DOJ secured a conviction against Hwang for deceiving these financial institutions. Banks such as Nomura, Morgan Stanley, UBS, Deutsche Bank, and Goldman Sachs are reportedly under scrutiny.