Nomura Reports $2.9 Billion Hit As Total Losses From Archegos Collapse Climb Past $10 Billion

, the company said it has recorded a $2.3 billion hit in the first quarter of 2021 while the remaining $572 million will be logged in its consolidated results for the fiscal year ending in March 2022.a net quarterly loss of $1.43 billion —its biggest since 2009.warnedIn its presentation to investors, Nomura said it has conducted a full review of its brokerage transactions and has found no other similar transactions.

former J.P. Morgan executive Christopher Willcox as the new CEO of its New York-based subsidiary Nomura Securities, in a move that intends to strengthen the company's risk management.an unexpected $774 million loss from the Archegos meltdown as part of its quarterly results on Tuesday. The size of UBS’s loss is bigger than what analysts had presumed. Despite the hit, UBS reported a first-quarter profit of $1.82 billion.

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Nomura posts biggest quarterly loss in over a decade on $2.3 bln Archegos hitNomura Holdings Inc (8604.T) reported on Tuesday a $2.3 billion hit from the collapse of U.S. investment fund Archegos, causing it to log its biggest quarterly net loss since the 2008 global financial crisis.
Source: Reuters - 🏆 2. / 97 Read more »