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

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

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.

To read the full article, Click Here

Related posts