Nomura and Credit Suisse shares dropped sharply on Monday after each warned of losses after extending credit to a U.S. fund.
A margin call triggered on Friday on Archegos Capital Management continued to ripple through markets. Nomura shares skidded 16% in Tokyo after it said it had a claim of $2 billion against a U.S. client, while Credit Suisse fell 13% in Zurich after it may suffer a “significant” loss from a U.S. fund. Morgan Stanley fell in premarket trade.
Deutsche…
