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Nomura taps ex-Deutsche banker as coverage head of wealth arm

Japanese investment bank Nomura Holdings on Friday named Anurag Mahesh, formerly with Deutsche Bank, as coverage head of its international wealth management business for Southeast ......

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Western Investors Set to Return to India, EMEs as Expert Predicts 'Multiple Recessions' in US, EU

People in the US and Europe are facing the highest inflation rate in decades, prompting the Federal Reserve and other central banks to tighten interest rates... 04.07.2022, Sputnik International

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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.

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Nomura confirms US$2.3 billion loss in Archegos debacle

Nomura confirms US$2.3 billion loss in Archegos debacle
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Nomura Confirms $2.3 Billion Loss In Archegos Debacle

Nomura Confirms $2.3 Billion Loss In Archegos Debacle
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