Credit Suisse, Nomura tumble as banks tally exposure to Archegos damage

Nomura's shares tumbled by a record 16% in Tokyo on Monday

Nomura Holdings Inc. and Credit Suisse Group AG said they face potentially “significant” losses as some of the world’s biggest banks tally their exposure to wrong-way bets by Archegos Capital Management.
 

Lenders to Bill Hwang’s New York-based family office have been racing to contain the fallout after Archegos failed to meet margin calls last week. The forced liquidation of more than $20 billion of positions linked to Archegos has roiled stocks from Baidu Inc. to ViacomCBS Inc. and cast a spotlight on the opaque world of leveraged trading strategies facilitated by some of the biggest names on Wall Street.
 

While