Swiss financial giant UBS said it had posted a loss of approximately JPY 83 billion in connection with a deal with a particular client in its three-month financial results up to last month.
It seems to be related to the American investment company "Arquegos", and the loss of financial institutions around the world due to this problem has swelled to the scale of 1 trillion yen.
UBS announced its financial results for the three months to last month on the 27th, revealing that it posted a loss of $ 774 million and about 83 billion yen in Japanese yen over dealings with specific U.S. customers ..
It seems to be a deal with the American investment company "Arquegos Capital Management", and the company "takes it extremely seriously and is proceeding with verification and review of the risk management system."
"Arquegos" was unable to accept the additional margin payments required due to the deterioration of its operations, resulting in a large loss to the major financial institutions of its business partners.
Japan's Nomura Holdings had a loss of 245.7 billion yen in the fiscal year ended March 31, and Credit Suisse also suffered a loss of about 510 billion yen in Japanese yen, both of which were additional losses. Is supposed to come out.
In addition, including Morgan Stanley of the United States, the loss of financial institutions around the world due to this problem has swelled to the scale of 1 trillion yen.