Bank losses from the implosion of Archegos Capital have surpassed $10bn, after Nomura reported a $2.9bn hit and suspended its head of prime brokerage, and UBS revealed a $861m loss from the debacle.
The collapse last month of the family office run by former hedge fund manager Bill Hwang is one of the most spectacular on Wall Street and has already resulted in losses of $5.4bn for Credit Suisse and $911m for Morgan Stanley.
Japanese megabanks MUFG and Mizuho are expected to report up to $390m of losses, while Goldman Sachs and Wells Fargo — two other banks that counted Archegos as a client of their prime brokerage divisions that service hedge funds — escaped from the fallout relatively unscathed.
您已阅读16%（702字），剩余84%（3821字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。