Bill Hwang’s Archegos Capital may have inflicted US$10 billion in total losses for the world’s banks and brokers from Wall Street to Zurich and Tokyo, JPMorgan says

//Bill Hwang’s Archegos Capital may have inflicted US$10 billion in total losses for the world’s banks and brokers from Wall Street to Zurich and Tokyo, JPMorgan says

Bill Hwang’s Archegos Capital may have inflicted US$10 billion in total losses for the world’s banks and brokers from Wall Street to Zurich and Tokyo, JPMorgan says

Banks roiled by the Archegos Capital fallout may see total losses in the range of US$5 billion to US$10 billion, according to JPMorgan.Losses from trades unwinding related to Archegos will be “very material” in relation to lending exposure for a business that is mark-to-market and holds liquid collateral, analysts led by Kian Abouhossein wrote in a note. They added that Nomura Holdings’s indication of potentially losing US$2 billion and press speculation of a US$3 billion to US$4 billion loss…

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By | 2021-03-31T05:42:52+00:00 March 31st, 2021|Business|Comments Off on Bill Hwang’s Archegos Capital may have inflicted US$10 billion in total losses for the world’s banks and brokers from Wall Street to Zurich and Tokyo, JPMorgan says