Nomura Archegos' losses were $ 2.9 billion when the main brokerage was suspended
Nomura said the losses from the implosion of Archegos Capital will be nearly $ 2.9 billion, as people close to the Japanese bank have said they have permanently suspended their chief mediation operations. The economic blow to the country’s biggest brokerage Nomura is more than a loss of approximately $ 2 billion initially marked when the mishap caused by the powerful family office appeared in late March. Bill Hwang’s loss of Archegos, which has not been officially named by the nominee and calls him a “U.S. customer,” has pushed the bank to bear the biggest quarterly loss since the 200...
Source: wiredprnews.com
