MUFG - Banks may lose as much as $10B due to Archegos failure JPMorgan says

Banks entangled in the Archegos Capital implosion may suffer a total loss of as much as $10B, according to JPMorgan analysts led by Kian Abouhossein.The new range, with a lower end of $5B, is increased from their previous range of $2B-$5B, and reflects "losses well beyond normal unwinding scenario for the industry.""We see the losses as very material in relation to lending exposure for a business that is mark-to-market and holds liquid collateral," they wrote.Nomura Holdings ([[NMR]] -1.8%) indicates a potential loss of $2B, analysts and media estimate Credit Suisse's ([[CS]] -3.4%) hit at $3B-$4B. On a much smaller scale, Mitsubishi UFJ Financial ([[MUFG]] -1.5%) said it may take a $300M loss related to Archegos's collapse."We are still puzzled why Credit Suisse and Nomura have been unable to unwind all their positions this point," the JPMorgan analysts said, noting they expect CS to issue full disclosures by the end of the

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Banks may lose as much as $10B due to Archegos failure, JPMorgan says