Credit Suisse and Nomura warn of losses after Archegos fails to meet margin calls
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#Archegos #Nomura # Yahoo Finance’s Julie Hyman and Steve Sosnick, Interactive Brokers chief market strategist, joins Yahoo Finance to discuss the market impact of Archegos defaulting on margin calls. Hedge fund blowup sends shockwaves through Wall Street and the City Oscar Williams-Grut·Senior City Correspondent, Yahoo Finance UK A little known hedge fund that blew up last week has sent shockwaves through the world of investment banking. Shares in Credit Suisse (CSGN.SW) and Nomura (8604.T) sunk over 10% on Monday after both warned they faced potentially billions in losses linked to hedge fund Archegos Capital. Banks that worked with Archegos and lent it money to buy shares were scrambling to offload […]