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Finance

Japan's Mizuho faces $90m loss from Archegos debacle

Contagion from hedge fund spreads as Mitsubishi UFJ also exposed

Mizuho Financial Group faces a transaction loss of 10 billion yen ($90 million) related to the Archegos Capital Management debacle.

TOKYO -- Japan's Mizuho Financial Group faces a transaction loss of 10 billion yen ($90 million) related to Archegos Capital Management, Nikkei has learned.

Mitsubishi UFJ Securities Holdings could also lose about $300 million. Archegos was hit with margin calls last week after ViacomCBS shares plunged.

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