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International

Banks’ Archegos Capital losses widen to over $10 billion

April 28, 2021 Reprints

Banks have lost an estimated $10 billion due to the collapse of Archegos Capital Management LP, Free Press Journal reported. The new loss estimates are higher than the $6 billion losses previously estimated in a Reuters report, and include loss figures from UBS Group AG, Nomura Holdings Inc., Morgan Stanley & Co. LLC and Credit Suisse Group AG.

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Banks’ Archegos Capital losses widen to over $10 billion

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