Big banks have weighed on Wall Street after warnings of potential losses from a hedge fund’s default on margin calls, although optimism about the US economy limited the falls.
- US hedge fund Archegos Capital defaulted on its share trading loans
- It caused Credit Suisse shares to plunge 14 per cent and Nomura to fall 16.3 per cent
- Dow Jones up 0.3 per cent to 33,171, S&P 500 down 0.1 per cent to 3,971, Nasdaq 0.6 per cent to 13,060
Japan’s largest investment bank Nomura and Swiss banking…