Japanese financial group Nomura Holdings on Tuesday confirmed losses of $2.3 billion for fiscal 2020-2021 linked to the sudden liquidation of holdings by US hedge fund Archegos. The bank had earlier warned of losses estimated at around $2 billion over the debacle, which also hit firms including Credit Suisse, Morgan Stanley and several leading Japanese banks. Without naming Archegos, Nomura also announced that it expected a further $570 million in losses for the current fiscal year linked to "transactions with a US client". bur-sah/kaf/je