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TOKYO (Reuters) -Japanese financial firm Mizuho Financial Group Inc may face a loss of 10 billion yen ($90 million) from deals with Archegos Capital Management, the Nikkei newspaper reported on Thursday.
FILE PHOTO: Mizuho Financial Group logo is seen at the company's headquarters in Tokyo, Japan August 20, 2018. Picture taken August 20, 2018. REUTERS/Toru Hanai
The Financial Times earlier reported that Mizuho had conducted an investigation into its possible losses related to the U.S.-based fund, and its potential losses could be similar to those of the brokerage arm of Mitsubishi UFJ Financial Group Inc.
MUFG on Wednesday estimated its loss at around $270 million.