Nomura flags potential significant loss at US unit

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Nomura Holdings Inc said on Monday it discovered a case that could subject one of its U.S. units to 'a significant loss' arising from transactions ...

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TOKYO: Nomura Holdings Inc said on Monday it discovered a case that could subject one of its U.S. units to"a significant loss" arising from transactions with a U.S. client.

The estimated amount of the claim against the client is approximately US$2 billion based on market prices as of March 26, the Japanese brokerage and investment bank said in a statement.Nomura said it is still assessing the impact of the loss on its consolidated earnings.

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