Mitsubishi Financial Group is the latest major bank to warn about losses tied to the Archegos losses

Mitsubishi Financial Group is the latest major bank to warn about losses tied to the Archegos losses, reporting that $300MM might be at risk

The fallout from the exceptional losses on Friday may be way under-reported according to several major banks and huge announcements from global lenders about further losses connected to Archegos blowup. Many banks are warning the losses are shocking, far exceeding the normal market losses during any systemic financial crisis. The biggest threat the markets face …

Mitsubishi Financial Group is the latest major bank to warn about losses tied to the Archegos losses, reporting that $300MM might be at risk Read More »