Nomura completes unwinding of positions related to U.S. client
Reuters
Published May 18, 2021 04:45AM ET
Updated May 18, 2021 05:06AM ET
TOKYO (Reuters) -Nomura Holdings Inc said on Tuesday it has completed unwinding of positions related to an unnamed U.S. client, widely understood to be the collapsed investment fund Archegos Capital Management.
Japan's top brokerage and investment bank also said it will book a loss of about $600 million in the April-June quarter from it, slightly larger than $570 million it predicted for the Archegos related loss in April.
In total, Nomura will incur $2.9 billion in Archegos-related losses, including some $2.3 billion already booked in the January-March quarter.
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Written By: Reuters
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