Skip to content
Subscriber Only

Biggest Japan Bank Joins Nomura in Bracing for Archegos Loss

  • MUFG warned of $300 million loss at European securities unit
  • Loss won’t have material impact on firm’s business capability
Bloomberg business news
WATCH: Mitsubishi UFJ Financial Group Inc. warned of a potential $300 million loss that sources say is linked to Archegos Capital Management. Adam Haigh reports.(Source: Bloomberg)
Updated on

Mitsubishi UFJ Financial Group Inc. joined a growing list of global financial firms to take a hit from the forced unwinding of bets by Bill Hwang’s Archegos Capital Management in one of the biggest margin calls of all time.

Japan’s largest bank warned of a potential $300 million loss related to a U.S. client, a hit that’s linked to Archegos, a person familiar with the matter said, asking not to be identified discussing a matter that isn’t public.