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Nomura confirms $2 3 billion loss in Archegos debacle

Nomura confirms $2.3 billion loss in Archegos debacle Issued on: 27/04/2021 - 09:18 Nomura had already estimated it faced losses of around $2 billion dollars linked to its exposure TORU YAMANAKA AFP/File 2 min Tokyo (AFP) Japanese financial group Nomura Holdings on Tuesday confirmed losses of $2.3 billion for fiscal 2020-2021 linked to the sudden liquidation of holdings by US hedge fund Archegos. Shockwaves rippled through global financial markets and institutions last month when the fund sold at least $20 billion in stocks as it sought to cover obligations to its lenders. The debacle hit firms including Credit Suisse, Morgan Stanley and several leading Japanese banks.

Tiger asiaShunsaki satoMorgan stanleyCredit suisseNomura holdings onNomura holdingsBill hwangWall streetபுலி ஆசியாமோர்கன் ஸ்டான்லிகடன் ஸ்யூயிநொமுர ஹோல்டிங்ஸ் ஆன்நொமுர ஹோல்டிங்ஸ்ர சி து ஹ்வ்யாஂக்சுவர் தெரு

Archegos fiasco deals new blows to UBS, Nomura

Archegos fiasco deals new blows to UBS, Nomura Issued on: 27/04/2021 - 11:32 Shockwaves rippled through global financial markets and institutions last month when then little-known Archegos sold at least $20 billion in stocks as it sought to cover obligations to its lenders. TORU YAMANAKA AFP/File 4 min Tokyo (AFP) The collapse of US hedge fund Archegos dealt new blows to global banking giants on Tuesday as Japan s Nomura reported a bigger financial impact than expected and Switzerland s UBS disclosed a surprise hit. Shockwaves rippled through global financial markets and institutions last month when then little-known Archegos sold at least $20 billion in stocks as it sought to cover obligations to its lenders.

United kingdomTiger asiaShunsaki satoRalph hamersAndreas gottschlingMorgan stanleyCredit suisseBill hwangWall streetஒன்றுபட்டது கிஂக்டம்புலி ஆசியாரால்ப் சுத்தியல்மோர்கன் ஸ்டான்லிகடன் ஸ்யூயிர சி து ஹ்வ்யாஂக்சுவர் தெரு

Archegos Fallout Tops $10 Billion As UBS, Nomura Report More Losses

by Tyler Durden Tuesday, Apr 27, 2021 - 07:39 AM For the world s bulge-bracket banks, the Archegos blowup is the gift that keeps on giving: Just when analysts thought that the busted family office s prime brokers had disclosed all of their losses, UBS surprised them by revealing in its Q1 earnings report that it had booked a $774MM loss due to the fund s implosion. Meanwhile, Japan s Nomura revealed that its losses had climbed to $2.85 billion, though the losses straddled two fiscal years, with 245.7 billion yen (about $2.27 billion) booked in the year ending in March, and another 62 billion yen ($573.4MM) for the fiscal year that started in April. Like Morgan Stanley, UBS determined that its losses from Archegos weren t significant enough to warrant an announcement ahead of a scheduled earnings release.

Morgan stanleyTiger asiaGuggenheim scott minerdRalph hamersAndreas gottschlingHarris associatesCredit suisse groupCredit suisseGoldman sachsDeutsche bankNorges bank investment managementMitsubishi ufjLike morgan stanleySuisse groupVampire squidBill hwang

Archegos Debacle Deals $10 Billion Blow To Banks

Archegos Debacle Deals $10 Billion Blow To Banks
ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.

United kingdomTiger asiaShunsaku satoRalph hamersKentaro okudaAndreas gottschlingMorgan stanleyCredit suisseBill hwangFinancial timesஒன்றுபட்டது கிஂக்டம்புலி ஆசியாரால்ப் சுத்தியல்மோர்கன் ஸ்டான்லிகடன் ஸ்யூயிர சி து ஹ்வ்யாஂக்

Nomura confirms US$2 3 billion loss in Archegos debacle

Nomura confirms US$2 3 billion loss in Archegos debacle
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

Tiger asiaShunsaki satoMorgan stanleyCredit suisseNomura holdings onNomura holdingsBill hwangWall streetபுலி ஆசியாமோர்கன் ஸ்டான்லிகடன் ஸ்யூயிநொமுர ஹோல்டிங்ஸ் ஆன்நொமுர ஹோல்டிங்ஸ்ர சி து ஹ்வ்யாஂக்சுவர் தெரு