Japan's MUFG flags possible $300 million loss related to U.S. client

by Aurelia Butler 30 March 2021, 08:30 129 Views

The potential loss does not have any material impact on the business capability of the securities arm, or its European unit, Mitsubishi UFJ Securities Holdings Co Ltd said in a statement.

It did not name the U.S. client. However, the revelation comes after global banks, including rival Nomura Holdings (NYSE:NMR), were bracing for the fall-out from the downfall of hedge fund Archegos Capital.

Source: Economy - investing.com

EU fines Moody's for failing to disclose conflicts of interests

City of London expects most workers to return after pandemic

This portal is not a newspaper as it is updated without periodicity. It cannot be considered an editorial product pursuant to law n. 62 of 7.03.2001. The author of the portal is not responsible for the content of comments to posts, the content of the linked sites. Some texts or images included in this portal are taken from the internet and, therefore, considered to be in the public domain; if their publication is violated, the copyright will be promptly communicated via e-mail. They will be immediately removed.

Japan's MUFG flags possible $300 million loss related to U.S. client

EU fines Moody's for failing to disclose conflicts of interests

City of London expects most workers to return after pandemic

ITALIAN LANGUAGE

ENGLISH LANGUAGE