Tag Archives: Banks tumble

Banks tumble after U.S. fund wilts

Shares of Europe’s largest banks dropped on Monday after extending credit to a major client that couldn’t meet its obligations. A margin call triggered on Friday of U.S. investor Archegos Capital Management continued to ripple through markets. Nomura 8604, -16.33% shares skidded 16% in Tokyo after it said it had a claim of $2 billion against a U.S. […]