Archegos Thwarts Nomura’s Push to Join Wall Street Elite

Japanese broker faces estimated $2 billion claim from collapse
Fallout exposes risks of Nomura’s U.S. prime brokerage push

WATCH: Archegos’s implosion caused Nomura to lose an estimated $2 billion and appears to have done some damage to its key goal. (Source: Bloomberg)

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By Takashi Nakamichi

April 22, 2021 at 9:00 PM UTC

Updated on

April 23, 2021 at 10:20 AM UTC

This article is for subscribers only.

News of the blowup spread through financial circles in Tokyo to the pulse of a familiar refrain: not again.

Nomura Holdings Inc. had run into trouble far from home, this time, with the giant implosion of Archegos Capital Management in New York. Few institutions have been as humbled by the Archegos debacle as Nomura, the forever-striving giant of Japanese finance.