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


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…


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