Nomura posts biggest quarterly loss in over a decade on $2.3 billion Archegos hit

Whenever Japanese banks and brokers try big overseas they fail miserably. Nomura can only ever hire second rate people in the US and Europe and hence this disaster. As for CS, they really went all in on this fund - greed, pure greed. With a healthy dose of incompetence.

It's like everyone in the world - from school kids to grandmas - is making money investing in the financial markets these days -- except Nomura and a few high-profile hedge fund traders. I love it.

It's hard to imagine how they could have trusted Bill Hwang.