Mizuho Is Said to Face $90 Million in Possible Archegos Losses
- Joins Nomura and MUFG among Japanese banks facing fallout
- Unwinding of leveraged bets by U.S. investor has roiled banks
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Mizuho Financial Group Inc. faces about 10 billion yen ($90 million) in potential losses tied to Bill Hwang’s Archegos Capital Management, a person with knowledge of the matter said.
The Japanese lender’s U.S. unit has transactions with Archegos, the Nikkei newspaper reported earlier, without saying where it got the information.