556 days ago • Posted by William Ramstein

Nomura fears losses as banks tally Archegos Damage

Nomura and Credit Suisse face significant losses. Archegos Capital Management failed to meet margin calls last week. The forced liquidation of more than $20 billion of positions linked to Archegos has roiled stocks from Baidu Inc. to ViacomCBS Inc. and cast a spotlight on the opaque world of leveraged trading facilitated by some of the biggest names on Wall Street.

Source: Bloomberg