Nomura and Credit Suisse warn of Archegos fallout
Japan's largest investment bank warns of a possible $2bn loss while Credit Suisse says losses could be 'highly significant and material'
29 March 2021 - 18:33
Tokyo/Zurich — Nomura and Credit Suisse are facing billions of dollars in losses after a US hedge fund, named by sources as Archegos Capital, defaulted on margin calls, putting investors on edge about who else might have been caught out.
Losses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, had triggered a fire sale of stocks on Friday, a source familiar with the matter said...
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