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Credit Suisse and Nomura warn of hedge fund hit to profits

Switzerland's Credit Suisse and Japan's Nomura have seen their shares take a sharp fall after warning they could face losses of billions of dollars.

Switzerland's Credit Suisse and Japan's Nomura have seen their shares take a sharp fall after warning they could face losses of billions of dollars. The two large banks lent money to crisis-hit US investment fund, Archegos Capital, which was forced to liquidate billions of dollars’ worth of shares last Friday. We hear from Financial Times Correspondent Ortenca Aliaj for an update on the situation and financial lawyer Mark Berman discusses whether the crisis will have wider ramifications. Also in the programme, the European Union’s recent ban of palm oil in biofuel for vehicles has angered top producing nations Indonesia and Malaysia. The Ö÷²¥´óÐã's Manuela Saragosa explains the politics of the vegetable oil. Plus, as the pandemic has led to a re-think of the working day, the Ö÷²¥´óÐã’s Peter Morgan looks at the practice of an afternoon nap and if it’s time to refresh our attitudes towards sleeping on the job. (Picture of a Credit Suisse branch in Geneva / Credit: Fabrice Coffrini via Getty Images).

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27 minutes

Last on

Mon 29 Mar 2021 22:32GMT

Broadcast

  • Mon 29 Mar 2021 22:32GMT