Nomura, Credit Suisse warn of big losses after Archegos share dump4 min read . Updated: 30 Mar 2021, 07:23 AM IST
- Losses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, had triggered a fire sale of stocks on Friday, a source said
- Switzerland's financial regulator said on Monday it was aware of the hedge fund case and was in touch with Credit Suisse about it
Nomura and Credit Suisse are facing billions of dollars in losses after a US hedge fund, named by sources as Archegos Capital, defaulted on margin calls, putting investors on edge about who else might have been caught out.
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