Biggest Japan bank joins Nomura in bracing for Archegos loss: Report

Mitsubishi UFJ Financial Group 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 US 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. Lenders are just starting to tally the carnage stemming from the liqui­dation of more than $20 billion of positions linked to Hwang’s New York-based