Posted inJapan

Nomura confirms $2.3b loss in Archegos debacle

Japanese financial group Nomura Holdings on Tuesday confirmed losses of US$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 […]

%d bloggers like this: