NMR - Credit Suisse is said to have lost $3B-$4B on Archegos selloff FT says

Credit Suisse (CS) reportedly lost between $3B and $4B due to the Archegos Capital liquidation, the FT reported earlier, citing two people close to the bank.Credit Suisse earlier said that the size of the could be "highly significant." Credit Suisse shares dropped 12% today.“While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results, notwithstanding the positive trends announced in our trading statement earlier this month,” Credit Suisse said in a statement earlier.Nomura (NMR) fell 14% today after Japanese bank warned of significant losses of potentially $2b from transactions with an unnamed U.S. client.Separately,  Bill Hwang's Archegos Capital said in a statement that  “all plans are being discussed as Mr. Hwang and the team determine the best path forward," according to Reuters.Earlier, Bank stocks pare declines as investors assess hedge fund collapse.

For further details see:

Credit Suisse is said to have lost $3B-$4B on Archegos selloff, FT says