Nomura Holdings Inc. said it could incur a substantial loss from its dealings with a U.S. client, sending shares in the Japanese investment bank tumbling and forcing it to pull a large bond sale.
Nomura 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. 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)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: