Business
JPMorgan says Archegos implosion could cost banking giants $US10b – Sydney Morning Herald
Analysts and investors are trying to figure out the final losses to banks exposed to the Archegos implosion, with the task made harder by the opaque nature of the…
Banks roiled by the Archegos Capital fallout may see total losses up to $US10 billion ($13.2 billion), according to JPMorgan.
Losses from trades unwinding related to Archegos will be very material in relation to lending exposure for a business that is mark-to-market and holds liquid collateral, analysts led by Kian Abouhossein wrote in a note. They added that Nomura Holdingss indication of potentially losing $US2 billion and speculation of a $US3 billion to $US4 billion loss at Credit Suisse AG…
-
Noosa News5 hours agoShocking moment Bradley Donald Towle arrested after Bruce Hwy rampage and shooting on Sunshine coast
-
General24 hours agoAustralian Catholics mourning death of Pope Francis
-
General21 hours agoPope Francis, the 266th pope, has died
-
General19 hours agoFounder Schwab quits as World Economic Forum chair