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Banks warn of ‘significant losses’ as they exit positions with large U.S. hedge fund

Banks warn of ‘significant losses’ as they exit positions with large U.S. hedge fund

Posted By: Editorial Teamon: March 29, 2021In: ECONOMYNo Comments

LONDON — Credit Suisse and Nomura warned Monday of “significant” hits to first-quarter results, after they began exiting positions with a large U.S. hedge fund that defaulted on margin calls last week. While neither Credit Suisse nor Nomura named the fund, it’s been widely reported that Archegos Capital Management is the firm connected to the fire sale. In a […] Read more

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