The Japanese bank’s wholesale pre-tax income took a loss of JPY28.4 billion in Q1 FY21/22 ended in June, because of additional Archegos-related blow at JPY65.4 billion.

Equities performance slowed due to a decline in trading volume and lower volatility. This adds up to a total blow of nearly US$2.9 billion arising from Archegos Capital Management, which it referred to as a ‘US client’ in its financial statements. Of the latest hit, JPY56.1 billion was booked as a trading loss in equities revenues and the remaining JPY9.3 billion yen was booked as loan loss provisions in expenses. We see plenty of ongoing factors that could encourage investors to

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