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Biggest Japan Bank Joins Nomura in Bracing for Archegos Loss (2)

March 30, 2021, 12:38 PM

Mitsubishi UFJ Financial Group Inc. 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 U.S. 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 ...