Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print 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.
Nikkei staff writers April 1, 2021 19:29 JST | Japan
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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