Hedge Funds

Archegos Fallout: Ubs Loses $774M As Nomura Crashes To Worst Loss In Decade

by uk.finance.yahoo.com posted 4months ago 48 views
'We are all clearly disappointed and are taking this very seriously,' UBS chief executive Ralph Hamers said. : Yahoo Finance will live stream meeting on 1 May as some shareholders talk about what to expect from the event UBS (UBSG.SW) and Nomura (8604.T) have both reported steep losses linked to the collapse of client Archegos Capital, as the fallout from the New York family office's implosion becomes clearer. UBS on Tuesday said it took a $774m (£560m) hit from a "default by a US-based client of our prime brokerage business" in the first quarter.