Markets Unfazed by Huge Nomura LossDan Slater
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.