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[Londres, 31 de Reuters]Credit Suisse and Nomura Holdings share prices fell further on the 31st due to the loss problem of US investment firm Arquegos Capital Management, with a total market capitalization of $ 9 billion since the beginning of the week . lost.
Credit Suisse and Nomura Holdings lag behind other companies in reducing their exposure, unlike Arquegos, which lost money on leveraged transactions.
Credit Suisse shares fell about 4% on the trading day. The rate of decline since the beginning of the week reached around 20%. The market capitalization was CHF 25.57 billion ($ 27.120 billion), a decrease of CHF 5 billion from the 26th.
Credit Suisse’s losses could reach $ 5 billion, the sources said. Credit Suisse declined to comment on this matter.
Nomura Holdings warns that the impact of the Arcegos issuance could reach $ 2 billion. The share price fell 2.9% that day on the Tokyo Stock Exchange. According to Refinitiv data, the market capitalization has decreased from 2.3 trillion yen ($ 20.810 million) on the 26th to 1.88 trillion yen.
Ratings agency Moody’s lowered its rating outlook to “negative” for Nomura Holdings, saying it could have risk management issues. Fitch Ratings has designated the viability rating as a “negative observation” due to the risk of loss.
Debt collateral costs are also increasing in the credit default swap (CDS) market. According to IHS Markit, Credit Suisse’s five-year CDS rose 17 basis points (bps) from 26th to the highest level in about a year. Nomura Holdings CDS was also 52 bp, compared to 41 bp on the 26th.
