Goldman Said to See Immaterial Effect From Archegos
- Nomura’s warning of ‘significant’ loss is tied to Hwang’s firm
- Investors are hunting for more information on banks’ exposures
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Goldman Sachs Group Inc. is telling shareholders and clients that the unwinding of trades by Archegos Capital Management will likely have an immaterial impact on its financial results, a person familiar with the matter said.
The New York-based bank’s loans to Archegos were well collateralized and Goldman was among the first to begin reducing its exposure, the person said, asking not to be identified because the information is private. The bank has exited most of its Archegos-related positions, the person said.