Japan’s Nomura Says U.S. Client Owes it $2 Billion; Shares Fall 15%

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Nomura didn't say which U.S. client owes it $2 billion, but it follows turbulent trading on Wall Street involving forced sales of stockholdings by a low-profile U.S. investment firm

liquidated positions approaching $30 billion in valueNomura said an event on March 26 could “subject one of its U.S. subsidiaries to a significant loss arising from transactions with a U.S. client.” The bank said it was evaluating the extent of any loss and the impact on results., based on Friday’s market prices, and said that could change depending on market moves and how transactions were unwound.

Given the bank’s high capital buffers—it had a common-equity tier 1 ratio of more than 17% as of end of December—there “will be no issues related to the operations or financial soundness of Nomura Holdings or its U.S. subsidiary,” it said.

Source: News Formal (newsformal.com)

 

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Apps 4human thinkin are actually an overtake thing hurtin the World. Just because some company wants to say US owes it 2 Billion dollars does not mean its true. Close Stock Exchange like I've advised for a month or two now. Better get this evil cleaned up and forced COVID stopped

GameStock comeback?

oh boy here we go again!!

So many bitcon traders on Twitter are trickster Amelimarkd thank you for opening my eyes to their ways now I’m pretty sure I’ll be able to help others

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