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Nomura posts biggest quarterly loss in over a decade on $2.3 billion Archegos hit Reuters 2 hrs ago By Makiko Yamazaki and Takashi Umekawa © Reuters/Toru Hanai FILE PHOTO: Logo of Nomura Securities is seen at the company s Head Office in Tokyo
By Makiko Yamazaki and Takashi Umekawa
TOKYO (Reuters) -Nomura Holdings Inc reported on Tuesday a $2.3 billion hit from the collapse of U.S. investment fund Archegos, causing it to log its biggest quarterly net loss since the 2008 global financial crisis.
Japan s biggest brokerage and investment bank said while it expects to book a further $570 million in charges related to Archegos this financial year and would be beefing up its risk controls, it saw the debacle as an isolated incident.
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FILE PHOTO: The logo of Nomura Securities is seen at the company s Head Office in Tokyo, Japan, November 28, 2016. REUTERS/Toru Hanai/File Photo
TOKYO (Reuters) -Nomura Holdings Inc reported on Tuesday a $2.3 billion hit from the collapse of U.S. investment fund Archegos, causing it to log its biggest quarterly net loss since the 2008 global financial crisis.
Japan’s biggest brokerage and investment bank said while it expects to book a further $570 million in charges related to Archegos this financial year and would be beefing up its risk controls, it saw the debacle as an isolated incident.
“We are not planning to make major changes to our U.S. and global business strategy,” Nomura CEO Kentaro Okuda told a media briefing.
JapanTokyoSwitzerlandSwissNomura-archegosMakiko-yamazakiKentaro-okudaTakashi-umekawaEdwina-gibbsThomson-reuters-trust-principlesMorgan-stanleyGoldman-sachs-group-inc