Finance

Nomura had stellar financial year until warning of potential losses: Analyst

0


The warning by Japanese investment bank Nomura that it could incur billions of dollars in losses at a U.S. subsidiary was “pretty unfortunate,” an analyst said on Tuesday.

Nomura on Monday flagged a potential $2 billion loss resulting from transactions with a client stateside. The bank’s shares in Japan plunged following that announcement, declining more than 16% on Monday. Those losses extended into Tuesday, with shares declining 0.66% on the day.

“It’s pretty unfortunate for Nomura,” Pramod Shenoi, head of Asia-Pacific financials research at research firm CreditSights, told CNBC’s “Street Signs Asia.”

Shenoi said “$2 billion dollars … is a lot of money and what that does is pretty much…



Source cnbc.com

Volvo is set to give all employees 24 weeks of paid parental leave

Previous article

Double mutation Covid variant in India may spread to other countries, doctor says

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance