Archegos implosion: Regulators must ask some serious questions
Nomura and other investment banks may lose more than $6 billion after lending to Archegos Capital, a US investment firm run by former Tiger Asia manager Bill Hwang
Goldman U-turn put Bank on verge of margin call
The Swiss bank said that a fund had "defaulted on margin calls" to it and other banks, meaning they were now in the process of exiting these positions
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Nomura shares closed down 16.3% while Credit Suisse shares were opened down 10%
Nomura's shares tumbled by a record 16% in Tokyo on Monday
Swiss bank Credit Suisse said Monday that it may face a highly significant loss resulting from a default by a US-based hedge fund on margin calls that it and other banks made last week
Besides Wood, analysts at Credit Suisse Wealth Management also recommend hiking exposure to cyclical stocks as they do not see a repeat of the stringent lockdown seen in 2020
Credit Suisse shares were up 1.5% in early trade
The lender has been facing the fallout from the collapse of $10 billion worth of funds linked to British financial services firm Greensill Capital
The Swiss bank was a key source of funding for the speciality finance firm, selling $10 billion worth of securities created by Greensill to investors via its asset management arm
London-based Greensill Capital helps manage the supply chain finance funds, originating and processing the credits which go into the funds and helping to secure investors
The poll was compiled before the bank settled a legacy residential mortgage-backed security case for $80 million less than it had previously flagged
The debt-ridden telecom firm, on Saturday, reported narrowing of consolidated loss to Rs 4,532.1 crore in Q3FY21, mainly on account of a one-time gain from stake sale in Indus Towers
Credit Suisse has initiated coverage on the stock with an 'Outperform' rating. It also has a target price of Rs 162 on the stock
Shares of the telecom operator hit a seven-month high of Rs 601.8 on BSE
MBIA sued Credit Suisse in 2009 over hundreds of millions of dollars it paid out to compensate investors after thousands of mortgages failed
Credit Suisse on Friday said it expects to book a net loss for its fourth quarter after increasing its provisions for a long-running dispute in the United States by $850 million
Reliance Mediaworks Financial Services Private Limited, an RCAP Group company, is one of the investors in PFL - promoted by Naresh Malhotra and Namit Malhotra.