Shadow of overseas ordeals lingers over Nomura
Bank hit by first loss in five quarters, dragged down by falls in internationally focused asset management and wholesale banking
08 May 2020 - 16:08
So much for taking on Wall Street. Anyone expecting Nomura Holdings CEO Kentaro Okuda to have put the bank’s overseas misadventures behind it was in for a shock.
Nomura reported its first loss in five quarters on Friday, dragged down by declines in its internationally focused asset management and wholesale banking divisions. Overseas operations sank into the red at the pretax level for the first time in a year...
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