Markets Unfazed by Huge Nomura Loss

Compared to the near-hysteria surrounding the results of Western investment banks, Nomura Securities' consolidated results announcement after the market closed on Friday seemed to generate very little discussion, even though the Japanese investment bank posted its largest ever annual loss. It said its net loss for the 2008 Japanese fiscal year (which runs from April 1, 2008, to March 31, 2009) amounted to ¥709.4 billion ($7.22 billion), or more than 10 times the ¥67.8 billion loss it made in the previous year.

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